An assessment of the stress capacity (resistance to market distortions of any kind) of a bank or institutions as a whole, carried out in the course of macroprudential supervision. This involves assessing the impact of certain scenarios on the economy as a whole or even on the global economy, including beyond the financial sector. The aim is to identify systemic risks in good time. – Investigations carried out by banks themselves and required under Basel II to identify and assess all kinds of risks in all business areas. – See contagion effects, apple-harvesting closure, asset quality review, banking supervision, European, Banking Supervision Committee, comprehensive assessment, domino effect, ESCB macroprudential research network, European Systemic Risk Council, macroprudential, pancratic, risk, systemic, solvency supervision, stress test, systemic conflict, financial market, – Cf. Financial Stability Report 2013, pp. 59 et seq. (significance of macro stress tests; results), p. 62 (detailed explanation of the macro stress test used by supervisory authorities).
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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
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