Regulatory Alerts2022-10-19
Added · Updated
Circular to Credit Institutions on New Banking Rule BR/26 on the Stress Testing Requirements of Credit Institutions Licensed Under the Banking Act
Banking Rule BR/26 establishes stress testing requirements for credit institutions licensed under the Banking Act, implementing EBA Guidelines on institutions’ stress testing. This new rule repeals BR/12 Annex 2D – Principles on Stress Testing and specifies organizational and methodological requirements, including risk areas to be considered. The Board of Directors remains responsible for approving the stress testing programme and ensuring clear responsibilities and sufficient resources are allocated. The rule comes into force with immediate effect.
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