Share these talks and lectures with your colleagues
Invite colleaguesPractice paper
UK banks face huge investments to comply with Bank of England stress test
Journal of Risk Management in Financial Institutions,
7
(4),
389-394
(2014)
Abstract
The paper identifies the key challenges UK banks are facing in light of the Bank of England stress test. Improvements in data management, data consumption, model development and IT infrastructure will require significant investment. However, the new UK stress-testing regulatory requirements are an important step in improving market transparency and confidence in the UK banking sector. Moody's Analytics has developed a Seven Steps Model to help banks implement stress-testing best practices across their various business divisions.
Keywords: stress test; Bank of England; UK banks; risk models; data; regulation
The full article is available to subscribers to the journal.
Author's Biography
Christian Thun is Senior Director, Strategic Business Development (EMEA) at Moody’s Analytics. He is responsible for providing thought leadership on credit risk management and strategic business development in the EMEA region, and functions as a main contact for regulators and senior management of financial institutions. With almost 20 years of experience, he has worked with numerous financial institutions in the EMEA region on Basel II implementation, risk management, stress testing and portfolio advisory projects, and in the process has become an internationally known expert on credit risk management.
Citation
Thun, Christian (2014, September 1). UK banks face huge investments to comply with Bank of England stress test. In the Journal of Risk Management in Financial Institutions, Volume 7, Issue 4. https://doi.org/10.69554/SCZH3696.
© Henry Stewart
Publications LLP
Publications LLP