BIS issues new ‘streamlined’ stress test principles
Banks have made significant advances in stress testing since financial crisis, Basel Committee says
The Basel Committee on Banking Supervision released a set of new stress-testing principles on December 20, after examining how banks’ models have evolved since the financial crisis.
Alongside the nine new principles, the committee – housed at the Bank for International Settlements – has published a report, which describes and compares supervisory and bank stress-testing practices, finding that in recent years banks have made “significant” advances.
“Supervisory authorities and central banks
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