Citi CRO: stress tests now vital part of bank strategy

Bank has leveraged CCAR to build culture of constant internal stress testing, says Brad Hu

Brad Hu
Brad Hu, Citi

Banks should embrace the US Federal Reserve’s ambition for lenders to turn stress testing into an active part of their business and risk management strategy, rather than viewing the exercise as an annual chore, says the chief risk officer of one of the US’s largest banks.

For many banks, the Fed’s annual Comprehensive Capital Analysis and Review (CCAR) process is now the binding constraint on strategy, curtailing everything from dividend payouts to lending decisions. Yet the stress testing

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