13 May 2014
The Credit Research Centre held its third successful one-day Conference, this time on the topic of Stress Testing. This is a procedure carried out by banks and regulatory authorities to assist in the calculation of equity required by a bank to be able to continue in business if an adverse extreme but plausible event occurs like a hike in interest rates, a major contraction in GDP, a major change in the exchange rate, a large increase in the proportion of borrowers who default on their loans or a major fall in house prices.
The event was well attended by around 100 practitioners and academics, who were attracted by an exciting line up of speakers from the Bank of England, Deutsche Bundesbank, Lloyds Banking Group, Dexia and Moody's, together with some very well published academics. The presentations can be accessed using the link below