{
  "title": "Finland: Financial Sector Assessment Program-Technical Note on Systemic Risk Analysis and Stress Testing",
  "publication": "IMF Staff Country Reports, February 1, 2023",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2023/01/31/finland-financial-sector-assessment-program-technical-note-on-systemic-risk-analysis-and-528779",
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  "summary": "This technical note discusses Systemic Risk Analysis and Stress Testing for the Finland Financial Sector Assessment Program. The assessment is based on stress tests, which simulate the health of Finnish banks under a severe yet plausible adverse scenario.",
  "sections": [
    {
      "heading": "Overview and scope",
      "content": "- Publication date: February 1, 2023\n- Series: Country Report No. 2023/061\n- Pages: 61\n- DOI: https://doi.org/10.5089/9798400231155.002\n- ISBN: 9798400231155\n- ISSN: 1934-7685\n- The assessment is based on stress tests simulating the health of Finnish banks under a severe yet plausible adverse scenario."
    },
    {
      "heading": "Adverse scenario components",
      "content": "- Global and regional inflationary pressures\n- Monetary policy tightness\n- Financial market turmoil\n- A major slowdown of economic activity"
    },
    {
      "heading": "Coverage",
      "content": "- Institutions covered:\n  - Four significant institutions\n  - Three less significant institutions\n- Coverage represents more than 93 percent of total banking assets"
    },
    {
      "heading": "Stress test exercises performed",
      "content": "- Four types of stress test exercises:\n  - A top-down solvency stress test\n  - A liquidity stress test\n  - A wholesale funding cost stress test\n  - A contagion and interconnectedness stress test\n    - Focused on domestic banking interconnectedness\n    - Also focused on interconnectedness of the Finnish banking sector with cross-border counterparties"
    },
    {
      "heading": "Key findings",
      "content": "- The Finnish banking system appears resilient to severe macrofinancial shocks.\n- The Finnish banking system remains vulnerable to liquidity shocks."
    },
    {
      "heading": "Subjects and keywords (as listed)",
      "content": "- Subjects: Commercial banks, Credit risk, Financial institutions, Financial regulation and supervision, Financial sector policy and analysis, International organization, Liquidity requirements, Monetary policy, Solvency stress testing, Stress testing\n- Keywords: Commercial banks, Credit risk, error correction Model, Global, interest income, liquidity coverage Analysis, Liquidity requirements, risk projection, sensitivity analysis result, Solvency stress testing, Stress testing\n\nInternational Monetary Fund. Finland: Financial Sector Assessment Program-Technical Note on Systemic Risk Analysis and Stress Testing, IMF Staff Country Reports 2023, 061 (2023).\n\n---\n\n Content in this bundle\n\n- FINLAND: IMF Financial Sector Assessment Program\n  - FINLAND: IMF Financial Sector Assessment Program (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - FINLAND: IMF Financial Sector Assessment Program (PDF){rel=\"external\" type=\"application/pdf\"}"
    }
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    "Published: February 1, 2023",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9798400231155.002",
    "Publication date: February 1, 2023",
    "Series: Country Report No. 2023/061",
    "Pages: 61",
    "DOI: https://doi.org/10.5089/9798400231155.002",
    "ISBN: 9798400231155",
    "ISSN: 1934-7685",
    "The assessment is based on stress tests simulating the health of Finnish banks under a severe yet plausible adverse scenario.",
    "Global and regional inflationary pressures",
    "Financial market turmoil",
    "A major slowdown of economic activity",
    "Institutions covered:",
    "Coverage represents more than 93 percent of total banking assets",
    "Four types of stress test exercises:",
    "The Finnish banking system appears resilient to severe macrofinancial shocks.",
    "The Finnish banking system remains vulnerable to liquidity shocks.",
    "Subjects: Commercial banks, Credit risk, Financial institutions, Financial regulation and supervision, Financial sector policy and analysis, International organization, Liquidity requirements, Monetary policy, Solvency stress testing, Stress testing",
    "Keywords: Commercial banks, Credit risk, error correction Model, Global, interest income, liquidity coverage Analysis, Liquidity requirements, risk projection, sensitivity analysis result, Solvency stress testing, Stress testing",
    "**FINLAND: IMF Financial Sector Assessment Program**"
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