12. A test or review should have a time horizon and/or reference date . A test or review should be …

A test or review should have a time horizon and/or reference date . A test or review should be carried out on the basis of financial statements and supervisory figures with reference to a predefined date. The purpose of the time horizon is to establish the length of time over which the scenarios will be applied, i.e. over a specified number of years. The time horizon and the reference date for the test or review should be clearly identified in the test or review’s common methodology and should influence the timeframe required to implement measures. The time horizon and the timeframe required to implement measures may depend on the risk characteristics of the analysed exposures and on whether a test (dynamic and long-term perspective) or review (point in time and short-term approach) is conducted.

1. Forbhreathnú

1.1 Tagairtí

1.2 Ceanglais aitheanta

1.3 Caighdeáin ghaolmhara

2. Ceanglais aitheanta

3. Caighdeáin ghaolmhara

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