FSA hardens stress regime with ‘reverse tests’

The UK’s Financial Services Authority last Friday strengthened its stress testing regime by requiring firms to improve their stress testing capability, enhance their capital planning stress testing and by introducing a reverse stress testing requirement for firms.

  • 18 Dec 2009

Under the new reverse stress test requirement, firms will have to identify situations in which are most likely to render their business model unviable — when markets lose confidence in it — and to devise strategies to cope.

The FSA’s stress testing approach is based on three elements: the ...

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