Series: IMF Working Papers
Author(s): Li Ong , and Ceyla Pazarbasioglu
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 09 August 2013
Keywords: Asset quality review, crisis, disclosure, financial backstop, hurdle rates, restructuring, solvency, CCAR, CEBS, EBA
Credibility is the bedrock of any crisis stress test. The use of stress tests to manage systemic risk was introduced by the U.S. authorities in 2009 in the form of the Supervisory Capital Assessment Program. Since...