23 May 2015
« All videos

How are US banks dealing with stress testing?

19 March 2014 | 4235 views | 1

Kenneth Yu, senior consultant, risk management, SunGard looks at the ongoing challenges of dealing with the current stress testing requirements.

Comments: (1)

Boyke Baboelal - Asset Control - Amsterdam | 24 March, 2014, 10:23

Yu makes some very valid points here with regards to best practice within stress testing.

A more holistic approach is indeed required if organizations are to achieve an enterprise-wide view of risk.

A robust structure, supported by a dedicated data management system, can help implement the workflows that will allow regulatory compliance to become the ‘norm’, even routine, for financial institutions. Currently stress testing is burdensome on banks as it requires investment of time, capital and resources. However by working with a specialist to automate some of the processes involved within stress testing, organizations can focus their time drawing insights from the information that is captured. The value lies not in the data, but in how it is put to use.

Furthermore, by breaking down organizational silos and with the right governance in place, they will be able to develop a data supply chain that gets the right data to the right place at the right time enabling them to concentrate on adopting a holistic and forward-looking view across the organization.

Be the first to give this comment the thumbs up 0 thumb ups! (Log in to thumb up)
Comment on this story (membership required)
Log in to receive notifications when someone posts a comment

Related blogs

Create a blog about this story (membership required)

Top topics

Most viewed Most shared
Cash overtaken by non-cash payments in the...
6207 views comments | 46 tweets | 31 linkedin
MasterCard launches personal payments serv...
5609 views comments | 15 tweets | 26 linkedin
US banks bid to crack down on 'card cracki...
5369 views comments | 8 tweets | 10 linkedin
UK opts out of European online payments se...
5094 views comments | 17 tweets | 14 linkedin
Metro Bank to offer consumer loans via Zop...
4501 views comments | 28 tweets | 19 linkedin