Financial Stability Paper No 17: RAMSI: a top-down stress-testing model

Oliver Burrows, David Learmonth and Jack McKeown
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Oliver Burrows: Bank of England, Postal: Publications Group Bank of England Threadneedle Street London EC2R 8AH
David Learmonth: Bank of England, Postal: Publications Group Bank of England Threadneedle Street London EC2R 8AH
Jack McKeown: Bank of England, Postal: Publications Group Bank of England Threadneedle Street London EC2R 8AH

No 17, Bank of England Financial Stability Papers from Bank of England

Abstract: Top-down stress testing is one way of assessing the resilience of the financial system to the risks it might face now, or in the future. And by considering a range of different risks, top-down stress testing can also provide an indication of the key vulnerabilities of the system. The Bank of England’s Risk Assessment Model of Systemic Institutions (RAMSI) is an example of a top-down stress-testing model and is one part of the Bank’s risk assessment toolkit. This paper offers an overview of RAMSI and provides, by way of illustration, a detailed description of its implementation as part of the comprehensive set of stress tests carried out during the IMF’s 2011 UK Financial Sector Assessment Program (FSAP).

Keywords: bank regulation; stress test (search for similar items in EconPapers)
JEL-codes: G28 (search for similar items in EconPapers)
Pages: 18 pages
Date: 2012-09-11
Note: http://www.bankofengland.co.uk/financialstability/Pages/fpc/fspapers/fs_paper17.aspx
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Citations: View citations in EconPapers (13)

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