Slides Marc Irubetagoyena, BNP Paribas
M. Irubetagoyena Marc
Marc Irubetagoyéna is a member of the Group RISK Executive Committees of BNP Paribas. In his current role, he is responsible for the global stress testing and financial synthesis platform of BNP Paribas. After his studies of Engineering, Finance and Statistics, Marc started his career in consulting at Arthur Andersen in 1999. He joined BNP Paribas in 2002 within Group the Performance Management team. He drove the implementation of a value creation steering program and contributed to BNL Spa integration.
In 2006, he moved to the Global Equity and Commodity business, launching notably a Private Equity offer. In 2009, he came back to Group Finance to ensure the financial synthesis of the Retail Banking division. In 2011, he launched a joint team between Group Finance and Group ALM Treasury to steer the liquidity of the Bank and implement a regulatory liquidity reporting framework. In 2015, he took the role of CFO of the Global Market business line.
Banking stress tests have been launched with Basel 2009 principles, streamlined in 2018. Since then banking stress testing is developing all over the Planet. BCBS ‘Range of Practice” paper is documenting their key features. But obviously, even based on common principles, each supervisor is conceiving its tests on its own priorities and processes. The result is inefficient operational and financial consequences for international banking institutions. It is a good timing (including the potential gap between accounting/IFRS9 and prudential capital) to revisit this evolution and propose roadmaps towards better efficiency.
This roadmap should answer few simple objectives: cost efficient processes, optimization of capital and liquidity costs & transferability and operational insertion of stress testing (using tests also to foster strategical decision making). At this stage, the point is not to standardize supervisors’ risk approach but just to identify a code of best practices defining families of tests purposes, common principles, home-host approaches, articulation between stress testing & college of regulators, data collected, some process features: input/output, methodologies.
This seminar will contribute to identify common needs based on few years of practice, discuss key proposals to enhance best practices and propose a way forward to build up a consensus between “regulees” and supervisors.
- Finance managers
- Risk managers
- Public affairs
- Regulators & supervisors
- Take lessons from few years of stress testing practices, and propose a code of practice
Taking lessons from stress testing banking practices: needs and suggestions:
- BNP Paribas
- HSBC France
EBA: lessons taken from the last stress test and EBA guidelines
ACPR: experience from a national supervisor
Stress tests and capital operational business monitoring
Benchmark feed-back of EBA’s stress test et future of regulatory stress tests