FSA firm testing
The Financial Services Authority (FSA) has urged firms to improve the stress testing of their busine...
The Financial Services Authority (FSA) has urged firms to improve the stress testing of their businesses, after its financial risk report highlighted the impact a severe event could have were it to happen in the next 18 months. A recent FSA review on stress testing found that, while good work was being done, firms could be underestimating the probability of severe events.
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