Belgium

Download or read book Belgium written by International Monetary Fund. European Dept. and published by International Monetary Fund. This book was released on 2013-05-24 with total page 104 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Belgium Financial Sector Assessment Program (FSAP) stress testing exercise examines a financial sector that remains in a state of transformation. Domestic economic challenges remain sources of continued uncertainty as the banking sector consolidates and reduces funding risks. Insurers face challenges from adverse economic and business conditions. Solvency and funding shocks under different macroeconomic scenarios were assessed. Both banking and insurance tests underscore the importance of sovereign risk for financial stability. The implementation of stress tests needs to be closely aligned with the resolution and recovery planning.