25. The management body should understand the material aspects of the stress testing programme to …

The management body should understand the material aspects of the stress testing programme to be able to:

• (a) actively engage in discussions with stress testing committees of the institutions, where applicable, or with senior management or external consultants involved in stress testing;
• (b) challenge key modelling assumptions, the scenario selection and the assumptions underlying the stress tests in general; and
• (c) decide on the necessary management actions and discuss them with the competent authorities.

1. Overview

1.1 References

1.2 Identified Requirements

1.3 Related Standards

2. Identified Requirements

3. Related Standards

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