UK banks face huge investments to comply with Bank of England stress test

Christian Thun

Journal of Risk Management in Financial Institutions, 2014, vol. 7, issue 4, 389-394

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 (search for similar items in EconPapers)
JEL-codes: E5 G2 (search for similar items in EconPapers)
Date: 2014
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