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This technical note describes the stress testing exercises carried out for the Danish commercial banking system and the insurance sector. The tests were conducted as part of the Financial Sector Assessment Program for Denmark and were developed in collaboration with the Danish Financial Supervisory Agency (DFSA) and Danmarks Nationalbank (DNB). Two approachesa€”bottom-up and top-downa€”were employed in the analysis. Results of the stress test show that under changing macroeconomic conditions, credit risk could materialize, causing a substantial deterioration in banksa€™ results.Denmark: Financial Sector Assessment Program - Technical Note: Stress Testing

Author:International Monetary Fund
Publisher:International Monetary Fund - 2007-03-23


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