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100   $a20111102d2012      uy             0
101 0 $aeng
135   $aurcn|||||||||
181   $ctxt
182   $cc
183   $acr
200 14$aThe need for "un-consolidating" consolidated banks' stress tests$b[electronic resource] /$fprepared by Eugenio Cerutti and Christian Schmieder
210   $aWashington, D.C. $cInternational Monetary Fund$d2012
215   $a1 online resource (22 p.)
225 0 $aIMF working paper ;$v12/288
300   $aDescription based upon print version of record.
311   $a1-4755-2996-1 
311   $a1-4755-1905-2 
320   $aIncludes bibliographical references.
327   $aCover; Contents; I. Introduction; II. The Recent Evolution in Bank Stress Tests; III. A Combined Unconsolidated/Consolidated Stress Test Approach; Figure; 1. Conceptual Difference between 'Traditional' Stress Test and Stress Tests Taking into Account Group Structures; IV. Quantifying the Potential Bias of not Using a Combined Approach; 2. Banks' Geographical Distributions; 3. Banks' share of Profits and Capital Outside EU; 4. Partial and Full Ring Fencing Adjustments; V. Conclusions; References; Annex I - Mapping Bank Groups
330   $aThe recent crisis has spurred the use of stress tests as a (crisis) management and early warning tool. However, a weakness is that they omit potential risks embedded in the banking groups' geographical structures by assuming that capital and liquidity are available wherever they are needed within the group. This assumption neglects the fact that regulations differ across countries (e.g., minimum capital requirements), and, more importantly, that home/host regulators might limit flows of capital or liquidity within a group during periods of stress. This study presents a framework on how to
410  0$aIMF Working Papers
606   $aBanks and banking, International$xRisk management$xEconometric models
606   $aBanks and banking$xRisk management$xEconometric models
608   $aElectronic books.
615  0$aBanks and banking, International$xRisk management$xEconometric models.
615  0$aBanks and banking$xRisk management$xEconometric models.
700   $aCerutti$b Eugenio$0928681
701   $aSchmeider$b Christian$0968632
801  0$bMiAaPQ
801  1$bMiAaPQ
801  2$bMiAaPQ
906   $aBOOK
912   $a9910452483903321
996   $aThe need for "un-consolidating" consolidated banks' stress tests$92200174
997   $aUNINA