RAMSI: A Top-Down Stress-Testing Model Developed at the Bank of England

9 Pages Posted: 21 Sep 2012

See all articles by Oliver Burrows

Oliver Burrows

Bank of England

David Learmonth

Bank of England

Jack McKeown

Bank of England - Monetary Analysis

Richard Williams

Bank of England - Monetary Analysis

Date Written: September 13, 2012

Abstract

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.

Suggested Citation

Burrows, Oliver and Learmonth, David and McKeown, Jack and Williams, Richard, RAMSI: A Top-Down Stress-Testing Model Developed at the Bank of England (September 13, 2012). Bank of England Quarterly Bulletin 2012 Q3, Available at SSRN: https://ssrn.com/abstract=2149576

David Learmonth

Bank of England ( email )

Threadneedle Street
London, EC2R 8AH
United Kingdom

Jack McKeown

Bank of England - Monetary Analysis ( email )

Threadneedle Street
London EC2R 8AH
United Kingdom

Richard Williams

Bank of England - Monetary Analysis ( email )

Threadneedle Street
London EC2R 8AH
United Kingdom

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