Prudential Standards LPS and GPS 110 (Capital Adequacy) have positioned the ICAAP at the centre of the insurer's capital management framework. As part of the ICAAP, insurers are required to undertake stress testing of their risk exposures to evaluate the impacts of exceptional but plausible...

In recent years, the importance of stress tests as a complement to VaR framework is widely recognized by both financial regulators and risk management practitioners.To perform credit risk stress tests in a financial institution, one must quantify the impact of macroeconomic shocks on a credit...

This handbook examines the latest techniques and strategies that are used to unlock the risk transfer capacity of global financial and capital markets. Taking the financial crisis and global recession into account, it frames and contextualises non-traditional risk transfer tools created over the...

This report identifies and assesses relevant physical and transition risks with focus on the banking sector. Banks constitute the largest segment of the Colombian financial sector with asset holdings of Colombian peso (Col dollars) 720 trillion (US209 billion dollars or 78 percent of gross...