United States: Financial Sector Assessment Program-Technical Note-Risk Analysis and Stress Testing the Financial Sector

International Monetary Fund

No 2020/247, IMF Staff Country Reports from International Monetary Fund

Abstract: The U.S. financial system is very large, well-diversified, and home to numerous financial institutions which are significant at a global scale. Eight Global Systemically Important Banks (G-SIBs) are incorporated in the U.S., as well as several other large financial institutions, such as asset managers, insurers, and money market funds. Assets of the financial system amounted to about US$100 trillion at end-2019 and accounted for 500 percent of GDP. While the eight G-SIBs dominate the U.S. banking landscape, banking system assets represent only about 22 percent of total financial system assets. The systemic risk assessment (including stress testing) of this FSAP reflect the highly diversified nature of the U.S. financial system and focuses on banks, mutual and money market funds, insurance companies as well as cross-institutional and cross-sectoral linkages and exposures.

Keywords: ISCR; CR; financial system; fixed income; sensitivity analysis; credit card; mutual fund; student loan; mortgage loan; U.S. dollar; central bank; banking sector; federal funds; consumer credit; Commercial banks; Stress testing; Loans; Insurance companies; Mutual funds; Global (search for similar items in EconPapers)
Pages: 197
Date: 2020-08-10
New Economics Papers: this item is included in nep-ias, nep-mac and nep-rmg
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