This article proposes a methodology for measuring the macroprudential policy stance based
on a forward‐looking distance‐to‐tail metric derived from a large‐scale semi‐structural …

This paper proposes an operational approach to stress testing, allowing one to assess the
banking sector's vulnerability in multiple plausible macro-financial scenarios. The approach …

This paper explores the repercussions of the COVID-19 pandemic on the banking sector,
focusing on the escalation of credit risk and its effects on non-performing loans (NPLs), loan …

This paper proposes an operational approach to stress testing, allowing one to assess the
banking sector's vulnerability in multiple plausible macro-financial scenarios. The approach …

Interest rate risks on banks' balance sheets represent a relevant financial stability concern
with a view to the normalisation of monetary policy. This column explores how a parallel shift …

In the aftermath of the global financial crisis, regulators set their sights on a more holistic
approach to financial supervision, commonly known as the macroprudential perspective. In …