François Groepe: Bank-wide stress testing as a risk management tool
Address by Mr François Groepe, Deputy Governor of the South African Reserve Bank, at the Actuarial Society Banking Seminar, Sandton, 2 August 2017.
Members of the Actuarial Society, ladies and gentlemen.
Thank you for the invitation to address you at this third Actuarial Society Banking Seminar. The South African Reserve Bank (SARB) would like to congratulate the Actuarial Society of South Africa on its efforts to build expertise in banking - and on becoming a world leader in this regard. Your initiative to introduce a Banking Fellowship coupled with allowing actuaries to qualify as banking actuaries is commendable and could make important contributions to improving the resilience and stability of the domestic banking sector.
My address today will focus on stress testing and how it is being applied as a risk management tool. I would also like to share the progress the SARB has made and the methodologies it has applied in its approach to stress testing the South African banking sector.