+19. To enhance the consistency of the assumptions and estimates made across business functions as …

19. To enhance the consistency of the assumptions and estimates made across business functions as …

To enhance the consistency of the assumptions and estimates made across business functions as well as to ensure that the outcomes of scenario analyses are relevant and exploitable by existing processes, institutions should develop a cross-functional approach. Such collaboration among multiple departments should ensure that expertise and insights from various functions contribute to a comprehensive and robust scenario analysis framework. Institutions should substantiate and document their scenario analyses, including scenario and modelling choices, assumptions made, proxies used to cope with data gaps, factors included or excluded, as well as the main results and conclusions reached.

1. Overview

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Summary Regulation

1.1 References

1.2 Identified Requirements

1.3 Related Standards

2. Identified Requirements

Requirements
Source Requirement

3. Related Standards

Standards
Source Requirement
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