Vikrmn:

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About Vikrmn:

Vikrmn CA Vikram Verma Author of novel 10 Alone Chartered Accountant

CA Vikram Verma authored 5 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. 'LIBOR Plan B' is a latest one on banking interest rates that are changing world wide whereas 'MICS Unleashed' was author's debut on academics. 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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