Contents
- 1. A CSD-banking service provider shall determine and test th…
- 2. The CSD-banking service provider shall ensure, at least th…
- 3. The CSD-banking service provider shall have rules and proc…
- 4. Where the stress tests result in breaches to the agreed ri…
- 5. The stress testing scenarios used in the stress testing of…
- 6. The stress testing scenarios used in the stress testing of…
- 7. The scenarios used in the stress testing of liquid financi…
- 8. The CSD-banking service provider shall determine the relev…
- 9. The CSD-banking service provider shall identify and update…
4.Where the stress tests result in breaches to the agreed risk appetite referred to in point (b) of Article 32(1), the CSD-banking service provider shall:
(a)report to both its own risk committee and, where relevant, to the risk committee of the CSD the results of the stress tests;
(b)review and adjust its contingency plan referred to in point (c) of Article 32(1) where breaches cannot be restored by the end of the day;
(c)have rules and procedures to evaluate and adjust the adequacy of its liquidity risk management framework and liquidity providers in accordance with the results and analysis of its stress tests.
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