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Belgium: Technical Note on Stress Testing the Banking and Insurance Sectors

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  • International Monetary Fund

Abstract

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.

Suggested Citation

  • International Monetary Fund, 2013. "Belgium: Technical Note on Stress Testing the Banking and Insurance Sectors," IMF Staff Country Reports 2013/137, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2013/137
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    References listed on IDEAS

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    1. Jeanfils, Philippe & Burggraeve, Koen, 2008. ""NONAME": A new quarterly model for Belgium," Economic Modelling, Elsevier, vol. 25(1), pages 118-127, January.
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    3. International Monetary Fund, 2011. "United Kingdom: Stress Testing the Banking Sector Technical Note," IMF Staff Country Reports 2011/227, International Monetary Fund.
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    5. Andreas Jobst, 2007. "Operational Risk: The Sting is Still in the Tail But the Poison Dependson the Dose," IMF Working Papers 2007/239, International Monetary Fund.
    6. International Monetary Fund, 2011. "Germany: Technical Note on Stress Testing," IMF Staff Country Reports 2011/371, International Monetary Fund.
    7. Nelson, Charles R & Siegel, Andrew F, 1987. "Parsimonious Modeling of Yield Curves," The Journal of Business, University of Chicago Press, vol. 60(4), pages 473-489, October.
    8. International Monetary Fund, 2012. "Spain: Financial System Stability Assessment," IMF Staff Country Reports 2012/137, International Monetary Fund.
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    Cited by:

    1. Dua, Pami & Kapur, Hema, 2018. "Macro stress testing and resilience assessment of Indian banking," Journal of Policy Modeling, Elsevier, vol. 40(2), pages 452-475.
    2. International Monetary Fund, 2014. "People’s Republic of China–Hong Kong Special Administrative Region: Financial Sector Assessment Program-Stress Testing the Banking Sector-Technical Note," IMF Staff Country Reports 2014/210, International Monetary Fund.

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