RAMSI: a top-down stress-testing model developed at the Bank of England

Burrows, Oliver; Learmonth, David; McKeown, Jack; Williams, Richard
August 2012
Bank of England Quarterly Bulletin;2012 3rd Quarter, Vol. 52 Issue 3, p204
Academic Journal
Top-down stress testing is one way of assessing the resilience of the financial system to the risks it might face now or in the future. The Risk Assessment Model of Systemic Institutions (RAMSI) developed at the Bank of England is an example of a top-down stress-testing model and is part of the Bank's risk assessment toolkit. This article offers an overview of RAMSI and illustrates its use in the stress tests carried out during the IMF's 2011 UK Financial Stability Assessment Program. INSETS: The formation of the Financial Policy Committee;The baseline scenario.


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