17 August 2017
visit www.avoka.com
« All videos

How are US banks dealing with stress testing?

19 March 2014 | 6040 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
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)
visit www.niceactimize.comvisit www.worldpaymentsreport.comvisit www.response.ncr.com

Who is commenting?

Top topics

Most viewed Most shared
China preps central clearing house for mobile payments providersChina preps central clearing house for mob...
10032 views comments | 8 tweets | 16 linkedin
DBS Bank launches online car selling marketplaceDBS Bank launches online car selling marke...
10015 views comments | 13 tweets | 11 linkedin
Monzo appoints Curve co-founder Foster-Carter COOMonzo appoints Curve co-founder Foster-Car...
8340 views comments | 1 tweets | 3 linkedin
hands typing furiouslyCompliance: Overcome the data deficit
7786 views 0 | 1 tweets | 9 linkedin
PayPal buys Swift Financial to boost working capital bizPayPal buys Swift Financial to boost worki...
7729 views comments | 13 tweets | 7 linkedin