UK FSA Gives Firms Until 16 July to Submit Implementation Plans for Reverse Stress Testing

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UK FSA Gives Firms Until 16 July to Submit Implementation Plans for Reverse Stress Testing

19 Apr 2010 Full content requires subscription

The UK Financial Services Authority (FSA) has this month released its implementation timetable to introduce new reverse stress testing requirements, as promised in its December policy statement: Stress and Scenario Testing PS 09/20 (see here). Firms have until 16 July to submit their implementation plans for compliance with the reverse stress testing requirements to the regulator.

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