Visit sibos.com
Now playing
See all TV »

How are US banks dealing with stress testing?

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

Sponsored | what does this mean?
This content has been created by the Finextra editorial team with inputs from subject matter experts at the funding sponsor.

Comments: (1)

Boyke Baboelal
Boyke Baboelal - Asset Control - Amsterdam 24 March, 2014, 10:23Be the first to give this comment the thumbs up 0 likes

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.

sponsored

Visit onespan.com
Related Videos
See all TV »
Featured job
All Jobs »
London, UK

Sales Director, Private Equity Solutions (London, UK)

Competitive base, double ote, benefits, stock options

22 Jul