Prudential regulation
Stress and scenario testing
During 2009, we discussed the consultation paper CP08/24 (Stress and Scenario Testing) with the FSA and we focussed on the implications for smaller firms and, in particular, the investment firms population. The Panel was concerned that reverse stress testing was unlikely to be a helpful technique in many smaller firms.
Prudential Rules for Personal Investment Firms
The Panel has been considering the consultation paper CP08/20 (Review of Prudential Rules for Personal Investment Firms) and its implications for smaller firms. We are currently working with the FSA in this regard.
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