Abstract

12.1 Financial soundness indicators for a sector may hide variations that could endanger the entire financial system. For example, the sector-wide capital-asset ratio for deposit takers is an average ratio for the system, but it does not reveal whether individual institutions’ capital ratios are clustered around the average value or are spread over a wide range. Moreover, data for highly capitalized deposit takers could offset the data for undercapitalized deposit takers, such that the aggregate ratio may appear robust while masking significant vulnerabilities from weak deposit takers whose failure could lead to contagion throughout the system. For this reason, FSIs need to be supplemented by concentration and distributions measures (CDMs).

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