Hidden Bibliographic Details
| Varying Form of Title: | Financial Sector Assessment Program : stress testing the banking and insurance sectors : technical note
Stress testing the banking and insurance sectors : technical note
|
|---|
| Other uniform titles: | Financial Sector Assessment Program.
|
|---|
| Other authors / contributors: | Sugimoto, Nobuyasu, author, (IMF staff)
Xu, TengTeng, author, (IMF staff)
International Monetary Fund, publisher.
International Monetary Fund. Monetary and Capital Markets Department, sponsoring body.
|
|---|
| ISBN: | 1475564546
9781475564549
|
|---|
| ISSN: | 1934-7685
|
|---|
| Notes: | "June 2016."
"Prepared by Monetary and Capital Markets Department"--Page 2 of pdf.
"This Technical Note was prepared by Emanuel Kopp, Western Hemisphere Department, IMF, Nobuyasu Sugimoto, and TengTeng Xu, both Monetary and Capital Markets Department, IMF"--Page 8 of pdf.
Includes bibliographical references.
Online resource; title from pdf title page (IMF website, viewed July 31, 2016).
|
|---|
| Summary: | The country is home to two global systemically important financial institutions, Deutsche Bank AG and Allianz SE, with domestic and global interlinkages to major financial counterparties, as well as one of the largest global central counterparties (CCP), Eurex Clearing. The Bund, Germany's sovereign bond, is a safe haven and benchmark for fixed income instruments. But the system is also very heterogeneous, with a large number of smaller banks and insurance companies, and a wide range of different business models. The banking system has consolidated and restructured since the global financial crisis. The number of banks has been decreasing steadily, including through consolidation in certain segments of the system. Banks are working out nonperforming loans, and have been able to strengthen capital positions and asset quality even during the crisis. The Landesbanken, which used to be the weakest link, have been reorienting their business models, and are now less homogenous. Public ownership in the banking system continues to be substantial, albeit declining.
|
|---|
| Other form: | Print Version: Germany : Financial Sector Assessment Program-Stress Testing the Banking and Insurance Sectors-Technical Notes. Washington, D.C. : International Monetary Fund, 2016. 9781475564549
|
|---|
| Standard no.: | 10.5089/9781475564549.002
|
|---|
