Vikrmn:

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About Vikrmn:

Vikrmn CA Vikram Verma Author of novel 10 Alone Chartered Accountant

CA Vikram Verma authored 4 books under his pen name Vikrmn. Novels titled 'Guru with Guitar' and '10 Alone' are famous for unique thoughts and self-help book '10 Golden Steps of life' is known for life-changing stories. 'MICS Unleashed' was author's debut in 2007. Novel '10 Alone' was featured in featured in Limca Book of Records 2015 - special Literature edition.

As a Chartered Accountant by profession, author blogs on Finance and Motivational topics at ChartAcc.com. Multi-forte persona, his dexterity bags creative pursuits like chalk carving, Oil painting, spreadsheet programming Excelolozy.com and photography.

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https://v.vikrmn.com/amazon

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Writing a post a day keeps the mental constipation away. Hereunder are some..

Pandemic Stress Testing Scenario | Banks | Operational Resilience | COVID-19

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In the wake of Corona virus (COVID-19) and especially the impact of this pandemic on the global economy, certainly there needs to be not only the <b>Operational Resiliance</b> planning but the preparedness under <b>Pandemic Stresst Testing</b> Scenarios as well by the financial institutions.</div>
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In the financial / banking world, there exist various Stress Testing scenarios which are required to be reported to the regulators of respective country like APRA (AU), FRB (US), PRA (UK), EBA (EU) etc.</div>
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Banks / financial entities are required to submit the reports under different Stress Testing scenarios as below:</div>
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<li style="text-align: justify;"><span style="text-indent: 0in;">Baseline Scenario</span></li>
<li style="text-align: justify;">Adverse Scenario </li>
<li style="text-align: justify;">Severely Adverse Scenarios.</li>
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<span style="text-indent: 0in;">These Scenarios are based on various Macroeconomic Variables (MeVs) like interest rate, employment index, inflation index, GDP, forex rates, housing price etc.</span></div>
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The stress testing of a bank shows the regulators that how a bank will sustain and how the earnings and capital of a bank is impacted in different scenarios, in respose to the fluctuating MeVs ranging from Adverse to worst case (Severeally Adverse) scenarios.</div>
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Stress Testing is performed spreading the scearios anywhere from 5 yeasrs to 8 years depecting the Loand and Deposits of a bank and related Interest earnings and expenses. The reports can be presented monthly or on quarterly basis.</div>
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If PANDEMIC is also considered as a scenario then it's nothing different from the scenarios mentioned above that banks are required to report to the regulators.</div>
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A bank should submit the impact of Epidemic not only in terms of Stress Testing as far as financials are concerned but also in terms of <b>Operational Resilience</b> that how the BAU (Business as usual) is planned to be carried out in this scenario.</div>
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The factors that might need to be considered by banks for the Stress Testing Projections under PANDEMIC scenario may range as follows:</div>
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<li style="text-align: justify;">Concentration risk of counterparties / clients which belong to medical and aviation industry,</li>
<li style="text-align: justify;">Drop in the customer earning power due to isolations,</li>
<li style="text-align: justify;">Interest rates might drop resulting in huge decrease in revenue,</li>
<li style="text-align: justify;">Fixed expenses might shoot up for operational lags,</li>
<li style="text-align: justify;">Credit recovery may be hit due to inoperational markets,</li>
<li style="text-align: justify;">Share Market flucuations might impact the NAVs of portfolios.</li>
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Non-financial risks that might impact the bank may be as follows: </div>
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<li style="text-align: justify;"><span style="text-indent: 0in;">Key stakeholders may not be readily available for major decisions, </span></li>
<li style="text-align: justify;"><span style="text-indent: 0in;">Key systems might be lagged,</span></li>
<li style="text-align: justify;">Cyber attacks can emerge in absence of resilience security.</li>
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Recently, PRA (UK) released guidance on inclusion of "<b>Climate Change</b>" as a Stress Testing Scenario for the Banks.</div>
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Similarly, the regulators should also include the "Pandemic Stress Testing" as well in the reporting requirements.</div>
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<span style="text-indent: 0in;">Written originally and Posted by </span><a href="http://vikrmn.com/" style="text-indent: 0in;" target="_blank">Vikrmn:</a><span style="text-indent: 0in;"> Author </span><span style="text-indent: 0in;">CA Vikram Verma, <a href="http://www.vikrmn.com/">www.vikrmn.com</a></span></div>
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<tr><td style="text-align: center;"><span style="margin-left: auto; margin-right: auto;"><a href="http://www.vikrmn.com/" target="_blank"><img alt="Pandemic_Stress_Testing_Scenario_Banks_Vikram_Author" border="0" data-original-height="420" data-original-width="393" height="320" src="https://lh4.ggpht.com/-HmKyM-U_roY/XnIKUy5ghHI/AAAAAAAAIuw/23Ox866JWg0SsPP9pTvquxNpMlhMi7SugCLcBGAsYHQ/s320/Pandemic_Stress_Testing_Scenario_Banks_Vikram.png" title="Pandemic_Stress_Testing_Scenario_Banks_Vikram_Author" width="299" /></a></span></td></tr>
<tr><td class="tr-caption" style="text-align: center;"><a href="http://www.vikrmn.com/" target="_blank">Pandemic_Stress_Testing_Scenario_Banks_Vikram_Author</a></td></tr>
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Pandemic Stress Testing Scenario | Banks | Operational Resilience | COVID-19

In the wake of Corona virus (COVID-19) and especially the impact of this pandemic on the global economy, certainly there needs to be ...

A Skipped Birthday | Short True Story

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<span style="background-color: white; color: #1d2129; font-family: Helvetica, Arial, sans-serif; font-size: 14px; text-align: start;">12am. Next to lit up candles stuck on cake toppings, was my phone, ringing; and my friends looking at me.</span></div>
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<span style="background-color: white; color: #1d2129; font-family: Helvetica, Arial, sans-serif; font-size: 14px; text-align: left; text-indent: 0in;"><i>Me: “Hello, Hanji, soye ni? (Didn’t sleep?)”</i></span></div>
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<span style="text-indent: 0in;"><i>She (singing): “Happy b’day to you...”</i></span></div>
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<span style="text-indent: 0in;">This was the scene every year when ever I was away from home, be it any country or city in India I was; she would set her alarms as per 11:55pm standard time of that place every year before my birthday; just to call me up, to be the first one to wish. This year the phone didn’t ring. It seemed my b’day didn’t start this year. I didn’t have that b’day wali feeling this year. It seemed to me “A skipped B’day”. </span><a class="profileLink" href="https://www.facebook.com/hashtag/ripmom?fref=mentions" style="color: #385898; cursor: pointer; text-decoration-line: none; text-indent: 0in;">#RIPMom</a><span style="text-indent: 0in;"> And I remember a week before my CA exams, the loneliest days of studying harder, I forgot my own b’day. 12am, she walked in to my study room, with a lit up candle on a pastry, jingling... Happy b’day to you. </span><a class="profileLink" href="https://www.facebook.com/hashtag/missyoumom?fref=mentions" style="color: #385898; cursor: pointer; text-decoration-line: none; text-indent: 0in;">#MissYouMom</a></div>
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<span style="color: #1d2129; font-family: Helvetica, Arial, sans-serif;"><span style="font-size: 14px;">#ripmommy #motherslove #mothersloveisforever #motherslove❤️ #ripma #missyoumom #vikrmn #missyoumom❤️ #missyoumommy #missyoumum #bdaywithoutmom #birthdaywithoutmommy #birthdaymom</span></span></div>
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A Skipped Birthday | Short True Story

12am. Next to lit up candles stuck on cake toppings, was my phone, ringing; and my friends looking at me. Me: “Hello, Hanji, soy...

Change your Life | 10 Golden Steps of Life | Amazon | Buy Now

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A book that will change the way you look at life.<br />
"Own your way; your own way."<br />
A book that will lead you to a new perspective of life.<br />
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Change your Life | 10 Golden Steps of Life | Amazon | Buy Now

A book that will change the way you look at life. "Own your way; your own way." A book that will lead you to a new perspective...

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Pandemic Stress Testing Scenario | Banks | Operational Resilience | COVID-19

A Skipped Birthday | Short True Story

Change your Life | 10 Golden Steps of Life | Amazon | Buy Now

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