/

Nematrian Reference Library

[this page | back links]

Set out below is information (held by the Nematrian website) on the reference you have selected


ReferenceTitleLink
FSA (2008c)Consultation Paper 08/24: Stress and scenario testing

Introduction (paraphase)

"The FSA believes that stress and scenario testing should form a key part of a suite of tools used by a firm’s senior management in making integrated business strategy, risk management and capital planning decisions. Recent market events have shown the importance of strong governance in firms. Senior management at less affected firms had more successfully established comprehensive firm-wide risk assessment processes in which thoughtful stress and scenario testing played a material part, allowing better-informed and more timely decision-making. However, the FSA’s SREP reviews of firms’ Pillar 2 individual capital assessments, and broader work on stress and scenario testing arrangements, have indicated that for many firms stress and scenario testing is not as robust, nor as embedded in senior management decision-making, as it would like."


See here to choose a new Category/Sub-Category or here for a list of all references held by the Nematrian website. Please contact us if any of the above material is inaccurate or if there are references you think should be included that we have excluded or vice-versa.
Desktop view | Switch to Mobile