Hidden Bibliographic Details
| Other authors / contributors: | Keller, Philipp.
Nowak, Sylwia.
International Monetary Fund.
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| ISBN: | 9781484391464
1484391462
1484381068
9781484381069
9781484381069
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| Digital file characteristics: | text file
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| Notes: | Title from PDF title page (IMF Web site, viewed May 29, 2013).
"Prepared by Andreas (Andy) Jobst (Bermuda Monetary Authority), Philipp Keller (formerly Switzerland Financial Markets Authority, consultant), and Sylwia Nowak (EUR)"--Page 5 of pdf.
"May 2013."
"May 16, 2013"--Page 2 of pdf.
Includes bibliographical references.
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| Summary: | The Belgium Financial Sector Assessment Program (FSAP) stress testing exercise examines a financial sector that remains in a state of transformation. Domestic economic challenges remain sources of continued uncertainty as the banking sector consolidates and reduces funding risks. Insurers face challenges from adverse economic and business conditions. Solvency and funding shocks under different macroeconomic scenarios were assessed. Both banking and insurance tests underscore the importance of sovereign risk for financial stability. The implementation of stress tests needs to be closely aligned with the resolution and recovery planning.
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