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Norway has made substantial progress in strengthening its framework for financial crisis management and bank safety … Financial Groups Act and accompanying regulations. Finanstilsynet (the Financial Supervisory Authority of Norway, FSA) has been … designated as Norway's resolution authority. Resolution financing options were broadened by establishing a resolution fund. While …
Persistent link: https://www.econbiz.de/10012302812
This paper discusses how Financial Sector Assessment Program (FSAP) stress test assesses the resilience of the banking sector as a whole rather than the capital adequacy of individual institutions. The FSAP approach to stress testing is essentially macroprudential: it focuses on resilience of...
Persistent link: https://www.econbiz.de/10011675327
This paper summarizes the assessment of interconnectedness and systemic risk undertaken for the U.K. financial system as part of the Financial Sector Assessment Program. It consists of three parts, focusing on the following: (1) motivation for monitoring cross-sector interconnectedness as part...
Persistent link: https://www.econbiz.de/10011675335
This paper discusses the Bank of England's (BoE's) stress testing program, including both the concurrent stress test and the stress testing done by the banks through the Internal Capital Adequacy Assessment Process, though with a clear focus on the former. The stress test is meant to generate...
Persistent link: https://www.econbiz.de/10011675337