Global Bank Stress Test-2021-11-08-CEF
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Change in CET1 ratio \2<br />
Illustrative Results: CET1 Drivers<br />
GDP Shock and Change in CET1 Ratio<br />
(Baseline scenario, June vintage)<br />
0<br />
-1<br />
-2<br />
-3<br />
-4<br />
-5<br />
-6<br />
-7<br />
-8<br />
-9<br />
-10<br />
-14 -12 -10 -8 -6 -4 -2 0<br />
Change in GDP Growth \1<br />
\1 Defined as the minimum of the cumulative real GDP growth over the period 2020-22<br />
\2 Defined as the change of the CET1 ratio in year of minimum CET1 ratio and the CET1<br />
ratio in 2019.<br />
Sources: IMF staff calculations.<br />
19
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