Slides Antoine Weckx & Javier Garcia, Oliver Wyman Financial Services
M. Weckx Antoine
Antoine is a Partner at Oliver Wyman, based in Paris. He leads our Finance & Risk practice in France and is an active member of our Corporate and Institutional Banking group. He has 14 years of experience in the area of Financial Services, working with global banks and regulators around strategy setting, regulatory response, operational efficiency, digital transformation and change management.
Antoine worked on a breadth of assignments around Stress Testing topics, both on the regulatory front (2014 Comprehensive Assessment, 2017 IRRBB ST, 2018 EBA Stress Test) and on governance, operating model design and industrialisation topics for Tier 1 banks.
Antoine graduated from HEC in 2004 where he teaches Strategy in Financial Services and Driving Impact trough Analytics.
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