Article 65
Organisation of the stress testing process
When assessing the robustness of the organisation of the stress testing process used by the institution in the assessment of the capital adequacy in accordance with Article 177 of Regulation (EU) No 575/2013, competent authorities shall verify that:
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(a) |
the stress test is performed regularly and at least on a yearly basis; |
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(b) |
the roles and responsibilities of the unit or units in charge of the design and execution of the stress test are clearly defined; |
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(c) |
the results of stress tests are approved at an adequate management level and that senior management is informed of the results in a timely manner; |
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(d) |
the IT infrastructure effectively supports the performance of stress tests. |