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Stress-Testing in Financial Institutions: Selecting Appropriate Scenarios
- Regulatory requirements for stress-testing
- Managerial necessity for stress-testing
- The common wrong choices of scenarios
- Sources for scenarios
- Discarding and evaluating scenarios
- Potential hijacks of scenarios
- Using the selected scenarios for strategic risk management
- What an appropriate set of scenarios can bring
Overview of the webinar
Stress-testing, as practiced in most institutions, is much too often hijacked by regulatory necessity: to improve one’s standing for the authorities, or by reputational necessities: to reassure the public. Hence, it seldom turns out to the useful exercise it can be.
We provide a few pointers at how a stress-testing exercise can be improved by a choice of scenarios, and provide a few criteria for finding and selecting appropriate scenarios.
Who should attend?
- Financial Officers
- Risk Officers
- Internal Auditors
- Operational Risk Managers
- Financial Institutions Advisory
- Bank Supervision and regulation
Why should you attend?
- The imitations of stress-testing
- Stress-testing: the objectives
- Stress-testing: the organisational challenges
- Stress-testing: the collective emotional challenges
- Recognising we all are mortals
- The hijackings of stress-testing
- Possible sources of scenarios
- The portfolio of candidate scenarios
- Some of the pitfalls to navigate around
- The selected scenarios
- The rewards from getting the right scenarios
- Insights into the environment
- Insights into the institution, its governance and its management
Faculty - Mr.Fred Vacelet
Fred Vacelet is a Financial Risk Management Consultant with international expertise in Risk Management methodological frameworks. His experience spans some 20 years, advising banks, software houses and others on risk management. Fred holds various degrees, including from London Business School, with post-graduate studies at the Technische (then West)-Berlin and Keio (Japan) universities. A qualified Islamic Finance person (IFQ), he is a magazine author on risk management and Basel Accords, and a regular speaker at conferences.
The client list includes ABN Amro, Barclays, CDC Paris, Credit Suisse, DePfa, Deutsche Bank, a few City hedge funds, IBM Consulting (Banking and Finance), Sungard, Lloyds TSB, National Bank of Egypt, the UK Regulatory body (now PRA), Reuters, and numerous other institutions of various countries and sizes. Fred runs training courses and workshops with participants from various banks around the world.