SOURCE: PricewaterhouseCoopers LLP
Banks need to employ more people to prepare for tougher regulatory stress tests
London, 31 Jan 2014‑‑A new report from PwC has revealed that banks do not have enough employees dedicated to preparing for tougher regulatory stress tests. The report, Passing the stress test, based on a global survey of 24 mainly non-US banks, found that, overall, participating banks are confident that they meet current regulatory requirements but that they underestimate the amount of resource needed to meet the demands of a tougher regulatory stress testing regime.
Press Release Download