24 May 2017
Visit EBAday.com
« All videos

How are US banks dealing with stress testing?

19 March 2014 | 5827 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 dh.comDownload the paper nowvisit www.volantetch.com/volpayrtp

Top topics

Most viewed Most shared
Time for data-driven banking to come of ageTime for data-driven banking to come of ag...
8840 views comments | 29 tweets | 35 linkedin
Google and PayPal partner for mobile shopping by fingerprintGoogle and PayPal partner for mobile shopp...
8834 views comments | 27 tweets | 28 linkedin
Banks must get on AI bandwagon now – new Finextra researchBanks must get on AI bandwagon now – new F...
8631 views comments | 22 tweets | 31 linkedin
Twins fool HSBC voice biometrics - BBCTwins fool HSBC voice biometrics - BBC
8599 views comments | 21 tweets | 24 linkedin
hands typing furiouslyOpen APIs - Leveraging Banking As a Servic...
6606 views 1 | 7 tweets | 9 linkedin