Please refer to DOS Circular No.1, dated 23 February, 2011 by which “Revised Guidelines on Stress Testing” was issued to ensure the soundness and sustainability of the banking industry and make the banks more shock resilient.
It has been decided that henceforth all the activities regarding stress testing of scheduled banks will be carried out by this department in lieu of Department of Off-site Supervision.
Henceforth, the scheduled banks have to submit the stress test statements to this department within the following month after each quarter.
All other instructions stated in the DOS Circular No.1, dated 23 February, 2011 will remain effective.
This Circular shall come into force with immediate effect.