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Stress Testing within the Banking Industry: A Comparative Study within the G-20

Title: Stress Testing within the Banking Industry
Subtitle: A Comparative Study within the G-20
Subject Classification:  Economics and Finance, Politics and Government, Climate Change  
BIC Classification: KC, JP
BISAC Classification: BUS004000, BUS045000, POL024000
Binding: Hardback, eBook
Publication date: 06 Aug 2024
ISBN (Hardback): 978-1-80441-758-4
ISBN (eBook): 978-1-80441-759-1

 

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Description

Central banks have become part of our modern life. Understanding their operations and policies is important, even to a layperson.

At the core of their mission is financial stability. The stress test is one of the tools that Central Banks (or monetary authorities) use to assess how sound commercial banks are within their jurisdictions at any point in time. Bank stress testing is designed to test the resilience of banks to severe but plausible shocks. These scenarios are conceived around a fall of asset prices, a shock to interest rates, a reassessment of risk premiums or a large depreciation to correct an external imbalance. Nonetheless, passing a stress test does not provide a blind assurance that a financial institution is safe and outside the reach of collapse.

This book aims to educate on the risks tested and the methods often used in stress testing. It is the first book in its field to make a comprehensive and up-to-date analysis of stress testing, including climate risk.

Biography

Author(s):  Dr. Felix Lessambo is an Associate Adjunct Professor at Fordham University, New York, USA.

Reviews

"The book focuses on bank stress testing, designed to assess the resilience of banks to severe shocks. It analyzes the principles and the methodology of bank stress testing and examines a number of countries where stress testing is practiced. At a time when financial crises continue to be a risk, Lessambo's contribution, written in a clear and pedagogical style, is a very welcome one."
- Jean-Marc, Distinguished Professor of Law and Global Affairs, Rutgers University

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