Regulatory Alerts2022-12-07
Maldives Monetary Authority Circular on Stress Testing Requirements for Banks
The Maldives Monetary Authority mandates all banks to implement a stress testing framework commensurate with their risk profiles to assess resilience against adverse economic scenarios. Banks must evaluate credit, liquidity, and other risks across three levels of adversity and conduct these tests quarterly with documented assumptions. Results and key assumptions must be submitted to the regulator by the 15th of the month following each calendar quarter, starting with Q4 2022.
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