389. Based on the outcomes of the qualitative review of stress testing programmes and if …

Based on the outcomes of the qualitative review of stress testing programmes and if deficiencies are identified, competent authorities may require the investment firm:

• a. to develop a plan of remedial action aimed at improving stress testing programmes and practices;
• b. to make changes to the investment firm’s capital plan;
• c. where appropriate, to run specific prescribed scenarios (or elements of those) or using specific assumptions.

Risk-to-client

1. Overview

1.1 References

1.2 Identified Requirements

1.3 Related Standards

2. Identified Requirements

3. Related Standards

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