Australia

Details

  • Service: Advisory, Risk Consulting, Financial Risk Management, Topics, Financial Services Regulation, Recovery & Resolution Plans
  • Industry: Financial Services, Banking
  • Type: Business and industry issue, Video
  • Date: 10/10/2013
  • Length: 14:09 Minutes

Banking Briefing Series

This series of regular short videos discusses key issues and industry developments in the Banking sector.

Video: Mutuals – Recovery planning, crisis testing and stress testing 

Ian Pollari, Partner, Financial Services and Geof Mortlock, Associate Director, Financial Risk Management, discuss insights and information on stress testing, recovery planning and financial crisis testing to assist mutual ADIs develop initiatives in these areas.
These are inter-related tools that can be highly effective in achieving sound risk management and governance in financial institutions of any size and nature.

Key insights

  • Stress testing is an important tool to evaluate the potential vulnerability of a financial institution to economic and financial shocks.
  • Stress testing assists in determining appropriate risk management arrangements.
  • APRA’s requirements with regards to stress testing and how can mutuals use this.
  • APRA has extended recovery planning requirements to the regional banks and a number of other ADIs including mutuals.
 

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Financial services regulatory change
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