Stress testing in a SII environment
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Motivation<br />
• <strong>Stress</strong> tests are a useful bridge to Solvency II<br />
• They can fulfil the purpose of quantitative impact studies<br />
• In contrast to Solvency II development the focus now is not on the design of a new<br />
regime but ma<strong>in</strong>ly on the identification of potential hot spots.<br />
• It helps the <strong>in</strong>dustry and authorities to get ready for a new regulatory <strong>environment</strong><br />
• Do they have the resources needed and the right type of resources?<br />
• Are better systems needed?<br />
• Do they have the data to do a proper analysis?<br />
INTERNATIONAL MONETARY FUND 5
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