Bank stress tests of climate change risks are relatively new, but are rapidly proliferating. The IMF and World Bank staff collaborated to develop an experimental macro scenario stress testing approach ...

The risk analysis approach has been outlined in guidelines and is championed as a means of reducing often unnecessary and costly tests. It has never been tested rigorously in a randomized trial, ...

The Federal Reserve is taking a two-track approach to stress testing reform — proposing changes to the process while also arguing in court that it is not obligated to do so. Last week, the central ...

"These issues — volatility, the link between stress-testing results and capital and the short capital implementation compliance time frame, the lack of transparency and the overlap between the global ...