United States: Financial Sector Assessment Program-Stress Testing-Technical Notes

International Monetary Fund

No 2015/173, IMF Staff Country Reports from International Monetary Fund

Abstract: This Technical Note discusses key findings of stress testing on the United States under the Financial Sector Assessment Program. Several stress tests were used to quantify the potential impacts of risks and vulnerabilities in banking and non-banking sectors. The stress tests run by the authorities and by companies under the Dodd-Frank Act (DFA) suggest that most large bank holding companies (BHCs) are resilient to shocks similar to the last crisis. For BHCs, the IMF staff’s solvency stress tests over the initial stressed period are largely in line with the DFA stress testing results, and suggest that the system is generally robust, although some BHCs would fall below the hurdle rate in the stressed environment.

Keywords: ISCR; CR; financial system; credit risk; mutual fund; federal funds rate; banking sector; BHC assets; mortgage rate; real GDP; net income; financial institution; exchange rate; sovereign bond; Stress testing; Loans; Insurance companies; Credit; Personal income; Global; Asia and Pacific (search for similar items in EconPapers)
Pages: 143
Date: 2015-07-07
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Citations: View citations in EconPapers (3)

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