Stress tests to promote financial stability: Assessing progress and looking to the future

abstract

• Stress testing, which has its roots in risk management, should be adapted to support financial stability monitoring and to incorporate the interconnections and dynamics of the financial system. Since the 2008 financial crisis, bank supervisors have honed their financial stability monitoring tools and significantly expanded the use of stress testing in the supervision of the largest financial institutions. This paper describes areas in which further research could contribute to the development of best practices in stress testing and how stress tests can be made more useful for macroprudential supervision. Both near-term and longer-term objectives are discussed.

authors

• Cetina, Jill

published proceedings

• Journal of Risk Management in Financial Institutions

author list (cited authors)

• Bookstaber, R., Cetina, J., Feldberg, G., Flood, M., & Glasserman, P.

complete list of authors

• Bookstaber, Rick||Cetina, Jill||Feldberg, Greg||Flood, Mark||Glasserman, Paul

publisher

• Henry Stewart Publications  Publisher

published in

• Journal of Risk Management in Financial Institutions  Journal

keywords

• 35 Commerce, Management, Tourism And Services
• 3502 Banking, Finance And Investment
• Generic Health Relevance

Digital Object Identifier (DOI)

• 10.69554/svzg1421

start page

• 16

end page

• 16

volume

• 7

issue

• 1