Wolters Kluwer: Stress Testing: Putting The Pieces Together To Solve An Increasingly Intricate Puzzle
There is nothing like a near-death experience to foster a desire to live a healthier, safer, more disciplined life – if not by the patient, then by the patient’s doctor on his behalf. The changes in stress-testing practices demonstrate that this also applies in financial services. Tests are conducted more often nowadays – some firms may wonder if they ever stop – and the exercises are far more comprehensive. And in case there is a temptation for supervisors or institutions to backslide or let
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