Stress-Testing for Financial Institutions, Beyond Regulatory Constraints
Stress-testing requires lateral knowledge and skills to be thoroughly pursued and constantly updated. It is no longer enough to neglect low-likelihood risks, even when there few or no past occurrences of these risks, and if the perspective looks far away.
In this webinar, we highlight pitfalls and chances of success for stress-testing, to equip participants for adding key value to a financial institution's risk management structures. Through lecturing and on-the-go questions, we encourage participants to think beyond routine risks and to examine with lucid minds extreme risks, beyond the usual defense 'it will not happen', or 'it will not happen again'. We examine a few key scenarios to see how a financial institution can deal with such scenarios without compromising its key strategic objectives and enable every function to thrive in the knowledge that a few possible disasters have been prepared for.
Areas Covered in the Session:
- Stress-testing and scenario analysis
- The regulatory view - before
- The regulatory view - after
- Why and how stress-testing
- Designing and developing scenarios
- Deriving value from stress-testing
- Developing an action plan
- Communicating stress-testing
Who Will Benefit:
- Risk management Professionals
- Administrative managers
- Front office managers
- Line managers
- Operation managers
Fred often offers training and workshops, and also works as a senior consultant for numerous banks to help handle risk management and their regulations, be it on the regulatory side of capital management, or towards the aspect of systems and internal controls, or risk management just because it makes sense to manage risk. Among his assignments, Fred has been, as appointee of European Union, participating in the starting up of an operational risk function in a large Egyptian bank. His academic background includes an MBA from London Business School, Economics from West-Berlin University and a business degree from a Paris business school. Fred, as a certified member (PRM) of PRMIA, has been participating in PRMIA Education Committee.