Kirja päivänpolttavasta aiheesta

Kirjallisuusarvostelu

Ajoista ja tiloista - samanaikaisesti

Kirjallisuusarvostelu

"Kun mittään ei maha" : sairauden kulttuuristen merkitysten jäljillä

Kirjallisuusarvostelu

Johdatus suomalaiseen diakoniaan

Kirjallisuusarvostelu

Tiivis ja ymmärtävä johdatus Suomen Kristillisdemokraattien historiaan

Kirjallisuusarvostelu

Tieteen palo ja kirjoittamisen riemu

Kirjallisuusarvostelu

Lausunto Sanna Lauslahden väitöskirjasta

Kirjallisuusarvostelu

Stress testing practices in risk management - Empirical evidence from the Finnish banking and insurance sectors

The main purpose of this study was to analyze how stress tests are used in risk management in the Finnish banking and insurance sectors. In order to enhance understanding of the topic, stress testing was explored in the context of corporate governance and regulato-ry implications of Basel II and Solvency II on stress testing were examined. In addition, the effects of the global financial crisis on stress testing were mapped and the differences in stress testing practices between the banking and insurance sector were discussed. The research method was qualitative case study and it was conducted by interviewing risk managers from ten institutions and a representative from FIN-FSA. Findings pointed out that stress testing practices vary significantly between different institutions. Interesting observations were made in terms of stress testing practices in the banking and insurance sectors. The increasing importance and use of stress tests were recognized as a result of the financial crisis. Stress testing was even considered more like art than science given the amount of challenges it involves. In general, improvements in stress tests were suggested, with an emphasis on stress concentration between different types of risks.