BoE seeks to enhance stress-test model oversight
Prudential Regulatory Authority to enforce new stress-test model principles in 2018
The Bank of England’s Prudential Regulation Authority has today (December 5) issued a consultation paper on stress-test models, proposing changes that would come into effect in June 2018.
As part of its investigation into the way banks manage and implement stress-test models, the PRA has set out four principles that it expects all banks participating in the BoE’s annual stress test to abide by.
“Firms not participating in the [central] bank’s annual concurrent stress test should take into
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