FSA publishes feedback on stress testing

The FSA published Discussion Paper 05/02: Stress Testing in May 2005, setting out the main findings of two surveys it carried out in 2002 and 2003 into the form and nature of stress testing undertaken by banks, securities and insurance firms, and establishing the extent to which firms were integrating stress testing into their risk-management frameworks. The FSA says the feedback statement should be read by any firms which have been, or will be, affected by the Individual Capital Adequacy Standards (ICAS) and the implementation of the Capital Requirements Directive (CRD). The feedback...