Banking's final exam
stress testing and bank-capital reform
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Word Count
95,500 words, Guess
Page Count
382 pages
Identifiers
- ISBN-100881327050
- ISBN-139780881327052
- Library of Congress Control Number2016013416
- OCLC Control Number945571333
- Better World Books9780881327052
and 1 more
- Open LibraryOL27229819M
Classifications
- DDC332.1
- LCCHG173 .G65 2016
- LCCHG173.G65 2016
Description
In the wake of the global economic and financial crisis, bank supervisors in the United States and the European Union carried out a set of "stress tests" over the 2009-15 period. The objective was to determine which banks could survive severely adverse economic scenarios and to order corrective measures for vulnerable institutions. How effective was this exercise? In Banking's Final Exam, one of the world's leading experts on banking regulation concludes that the tests administered on both sides of the Atlantic suffered from several fundamental weaknesses that, unless corrected, can produce a false reassurance about the safety and soundness of the banking system. The author recommends a number of important steps for the future design and conduct of these tests, arguing that they are needed if stress testing is to become the central pillar of bank supervision worldwide.
Series Statement
- Policy analyses in international economics -- 106
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