Stress testing has become part of the normal risk management cycle, increasingly operationalised and accepted as part of a routine within financial institutions.
And yet, many challenges around implementing effective stress testing remain.
For instance, ensuring that the quality of organisational data is kept to a high standard for use in modelling requires a cultural commitment by organisations to break down silos and ensure that data being warehoused is up to par for organisational needs, as well as compliant with necessary regulations. For stress testing to be adopted by an organisation at large, it needs to be a part of a cultural shift that recognises the value of standardised data definitions and sourcing protocols feeding into and informing stress testing scenarios.
Produced in association with WBR, this report uses insight and case studies from their recent webinar to illustrate how leaders in the space are approaching stress testing.
Learn more about:
- Ensuring data quality through end-to-end processes
- Implementing stress testing on a cultural level in organizations
- Best practices for reporting output data