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Anton Theunissen
This economics and finance course will cover the practical aspects of conducting CCAR/DFAST tests in the US. We will also review the impact of the financial (subprime) crisis of 2007 and 2008 on regulatory reform and the consequences for financial intermediaries.
Upon completion of this course, participants will receive a certificate bearing the New York Institute of Finance (NYIF) name. A NYIF certificate is a valuable addition to your credentials, proving that you have acquired the work-ready skills that employer’s value.
Read more
This economics and finance course will cover the practical aspects of conducting CCAR/DFAST tests in the US. We will also review the impact of the financial (subprime) crisis of 2007 and 2008 on regulatory reform and the consequences for financial intermediaries.
Upon completion of this course, participants will receive a certificate bearing the New York Institute of Finance (NYIF) name. A NYIF certificate is a valuable addition to your credentials, proving that you have acquired the work-ready skills that employer’s value.
Read more
This economics and finance course will cover the practical aspects of conducting CCAR/DFAST tests in the US. We will also review the impact of the financial (subprime) crisis of 2007 and 2008 on regulatory reform and the consequences for financial intermediaries.
Upon completion of this course, participants will receive a certificate bearing the New York Institute of Finance (NYIF) name. A NYIF certificate is a valuable addition to your credentials, proving that you have acquired the work-ready skills that employer’s value.
For those who wish to go further, students can enroll in the other four modules to earn the complete Risk Management Professional Certificate, backed by the New York Institute of Finance’s 93-year history. As a final option, students may also opt to sit for the NYIF Certificate of Mastery Exam, resulting in the Risk Management Certificate of Mastery upon successful completion.
What you'll learn
- Describe common approaches to stress testing.
- Explain challenges in designing stress test scenarios, including the problem of coherence in modeling risk factors.
- Describe the practical problems associated with conducting comprehensive stress tests for large financial intermediaries.
- Define reverse stress testing and compare it to conventional stress tests.
- Understand the critiques of prudential risk regulation.
Register for this course and see more details by visiting:
OpenCourser.com/course/nn86fb/stress
What's inside
Learning objectives
- Describe common approaches to stress testing.
- Explain challenges in designing stress test scenarios, including the problem of coherence in modeling risk factors.
- Describe the practical problems associated with conducting comprehensive stress tests for large financial intermediaries.
- Define reverse stress testing and compare it to conventional stress tests.
- Understand the critiques of prudential risk regulation.
- Describe common approaches to stress testing.
- Explain challenges in designing stress test scenarios, including the problem of coherence in modeling risk factors.
- Describe the practical problems associated with conducting comprehensive stress tests for large financial intermediaries.
- Define reverse stress testing and compare it to conventional stress tests.
- Understand the critiques of prudential risk regulation.
Syllabus
Module 1: Stress Testing
Lesson 1: Approaches to Stress Testing
Lesson 2: Common Historical Scenarios
Lesson 3: Credit Stress
Read more
Syllabus
Module 1: Stress Testing
Lesson 1: Approaches to Stress Testing
Lesson 2: Common Historical Scenarios
Lesson 3: Credit Stress
Read more
Lesson 4: Stress Testing process
Lesson 5: Value at Risk
Module 2: Regulatory Stress Tests
Lesson 1: BIS Requirement and Stress Testing Guidelines
Lesson 2: Regulatory Stress Tests
Lesson 3: Regulatory Stress Test Scenarios
Lesson 4: PNPR Modeling
Lesson 5: Critiques and Benefits
Module 3: The Capital Debate
Lesson 1: Capital
Lesson 2: Bank Leverage Reduction
Good to know
Good to know
Know what's good ,
what to watch for , and
possible dealbreakers
Covers a topic highly relevant to the banking sector
Provides a framework to understand the impact of the financial crisis of 2007-2008
Develops skills in conducting stress tests and regulatory requirements
Taught by instructors from the New York Institute of Finance, a recognized institution in the finance industry
Requires learners to come in with extensive background knowledge
Save this course
Save Stress Testing and Risk Regulation – Part 2 to your list so you can find it easily later:
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Activities
Be better prepared
before
your course. Deepen your understanding
during
and
after
it. Supplement your coursework and achieve mastery of the topics covered
in Stress Testing and Risk Regulation – Part 2 with these
activities:
Connect with Professionals in the Risk Management Industry
Show steps
Build a network of professionals in the field to exchange knowledge, seek advice, and explore career opportunities.
Browse courses on
Risk Management
Show steps
-
Attend industry events and webinars.
-
Connect with professionals on LinkedIn and other social media platforms.
-
Reach out to alumni or individuals in your network for introductions.
Review Capital Markets Calculations
Show steps
Reinforce understanding of key capital markets calculations, ensuring a strong foundation for stress testing concepts.
Browse courses on
Economics
Show steps
-
Review formulas for calculating present value, future value, and yield-to-maturity.
-
Practice solving problems involving bond pricing, duration, and convexity.
-
Utilize online calculators or spreadsheets to verify calculations and gain familiarity with industry tools.
Solve Stress Testing Practice Problems
Show steps
Strengthen analytical skills and reinforce stress testing concepts through repetitive problem-solving.
Browse courses on
Financial Modeling
Show steps
-
Obtain practice questions from textbooks, online resources, or instructor-provided materials.
-
Allocate dedicated time for practicing problem-solving.
-
Analyze the problems, choose appropriate techniques, and solve for solutions.
-
Review solutions and identify areas for improvement.
Six other activities
Expand to see all activities and additional details
Show all nine activities
Follow Online Tutorials on Stress Test Scenarios
Show steps
Enhance understanding of different stress test scenarios, enabling effective application in practice.
Browse courses on
Stress Test Scenarios
Show steps
-
Identify reputable sources and online platforms offering tutorials on stress test scenarios.
-
Select tutorials aligned with the course content and your learning goals.
-
Follow the tutorials step-by-step, taking notes and practicing the concepts.
Stress Testing Simulation
Show steps
Run simulations to evaluate different stress testing scenarios to deepen your understanding of the methodologies.
Browse courses on
Stress Testing
Show steps
-
Set up a stress testing framework
-
Identify and gather relevant data
-
Develop stress testing scenarios
-
Run the simulations and analyze the results
-
Present findings and recommendations
Attend a Workshop on Stress Testing Best Practices
Show steps
Gain insights from industry experts and network with professionals to expand knowledge and build connections.
Browse courses on
Risk Management
Show steps
-
Identify and register for relevant workshops or conferences.
-
Attend the workshop and actively participate in discussions.
-
Engage with speakers and attendees to exchange ideas and learn from their experiences.
Prepare a White Paper on CCAR/DFAST Testing
Show steps
Solidify understanding of regulatory stress testing and its implications for financial institutions.
Browse courses on
Financial Risk Management
Show steps
-
Conduct thorough research on CCAR/DFAST requirements and methodologies.
-
Develop an outline and structure for the white paper.
-
Write the white paper, clearly explaining the concepts, challenges, and best practices of CCAR/DFAST testing.
-
Proofread and edit the white paper to ensure clarity and accuracy.
Develop a Stress Test Case Study Presentation
Show steps
Apply knowledge to a practical scenario, fostering critical thinking and communication skills.
Browse courses on
Financial Modeling
Show steps
-
Select a specific stress test scenario and industry context.
-
Gather data and analyze the impact of the scenario on financial performance.
-
Develop a presentation outlining the stress test methodology, results, and recommendations.
-
Practice presenting the case study to peers or industry professionals.
Develop a Stress Testing Model for a Real-World Company
Show steps
Engage in a hands-on project that combines theoretical knowledge with practical application.
Browse courses on
Financial Modeling
Show steps
-
Identify a specific company and industry to focus on.
-
Gather financial and market data on the company.
-
Develop a stress testing model using industry-standard techniques and assumptions.
-
Run stress tests and analyze the results to assess the company's resilience to various scenarios.
-
Document the process and prepare a report summarizing the findings and recommendations.
Connect with Professionals in the Risk Management Industry
Show steps
Build a network of professionals in the field to exchange knowledge, seek advice, and explore career opportunities.
Browse courses on
Risk Management
Show steps
Show steps
Show steps
- Attend industry events and webinars.
- Connect with professionals on LinkedIn and other social media platforms.
- Reach out to alumni or individuals in your network for introductions.
Review Capital Markets Calculations
Show steps
Reinforce understanding of key capital markets calculations, ensuring a strong foundation for stress testing concepts.
Browse courses on
Economics
Show steps
Show steps
Show steps
- Review formulas for calculating present value, future value, and yield-to-maturity.
- Practice solving problems involving bond pricing, duration, and convexity.
- Utilize online calculators or spreadsheets to verify calculations and gain familiarity with industry tools.
Solve Stress Testing Practice Problems
Show steps
Strengthen analytical skills and reinforce stress testing concepts through repetitive problem-solving.
Browse courses on
Financial Modeling
Show steps
Show steps
Show steps
- Obtain practice questions from textbooks, online resources, or instructor-provided materials.
- Allocate dedicated time for practicing problem-solving.
- Analyze the problems, choose appropriate techniques, and solve for solutions.
- Review solutions and identify areas for improvement.
Six other activities
Expand to see all activities and additional details
Show all nine activities
Follow Online Tutorials on Stress Test Scenarios
Show steps
Enhance understanding of different stress test scenarios, enabling effective application in practice.
Browse courses on
Stress Test Scenarios
Show steps
Show steps
Show steps
- Identify reputable sources and online platforms offering tutorials on stress test scenarios.
- Select tutorials aligned with the course content and your learning goals.
- Follow the tutorials step-by-step, taking notes and practicing the concepts.
Stress Testing Simulation
Show steps
Run simulations to evaluate different stress testing scenarios to deepen your understanding of the methodologies.
Browse courses on
Stress Testing
Show steps
Show steps
Show steps
- Set up a stress testing framework
- Identify and gather relevant data
- Develop stress testing scenarios
- Run the simulations and analyze the results
- Present findings and recommendations
Attend a Workshop on Stress Testing Best Practices
Show steps
Gain insights from industry experts and network with professionals to expand knowledge and build connections.
Browse courses on
Risk Management
Show steps
Show steps
Show steps
- Identify and register for relevant workshops or conferences.
- Attend the workshop and actively participate in discussions.
- Engage with speakers and attendees to exchange ideas and learn from their experiences.
Prepare a White Paper on CCAR/DFAST Testing
Show steps
Solidify understanding of regulatory stress testing and its implications for financial institutions.
Browse courses on
Financial Risk Management
Show steps
Show steps
Show steps
- Conduct thorough research on CCAR/DFAST requirements and methodologies.
- Develop an outline and structure for the white paper.
- Write the white paper, clearly explaining the concepts, challenges, and best practices of CCAR/DFAST testing.
- Proofread and edit the white paper to ensure clarity and accuracy.
Develop a Stress Test Case Study Presentation
Show steps
Apply knowledge to a practical scenario, fostering critical thinking and communication skills.
Browse courses on
Financial Modeling
Show steps
Show steps
Show steps
- Select a specific stress test scenario and industry context.
- Gather data and analyze the impact of the scenario on financial performance.
- Develop a presentation outlining the stress test methodology, results, and recommendations.
- Practice presenting the case study to peers or industry professionals.
Develop a Stress Testing Model for a Real-World Company
Show steps
Engage in a hands-on project that combines theoretical knowledge with practical application.
Browse courses on
Financial Modeling
Show steps
Show steps
Show steps
- Identify a specific company and industry to focus on.
- Gather financial and market data on the company.
- Develop a stress testing model using industry-standard techniques and assumptions.
- Run stress tests and analyze the results to assess the company's resilience to various scenarios.
- Document the process and prepare a report summarizing the findings and recommendations.
Career center
Learners who complete Stress Testing and Risk Regulation – Part 2 will develop knowledge and skills
that may be useful to these careers:
Financial Risk Analyst
Financial Risk Analyst
Financial Risk Analysts play an essential role in stress testing. This course teaches the fundamentals of stress testing, including common approaches, challenges in designing stress test scenarios, and the practical problems associated with conducting stress tests for large financial intermediaries. This knowledge is essential for Financial Risk Analysts who need to understand how to develop and implement stress tests.
Quantitative Analyst
Quantitative Analyst
Quantitative Analysts (Quants) use mathematical and statistical models to analyze financial data. This course provides an overview of stress testing, including the different approaches, challenges, and practical problems associated with conducting stress tests. This knowledge can help Quants develop more robust and accurate financial models.
Financial Advisor
Financial Advisor
Financial Advisors need to be aware of the risks associated with investments and how to mitigate those risks. This course provides an overview of stress testing, including the different approaches, challenges, and practical problems associated with conducting stress tests. This knowledge can help Financial Advisors make more informed investment decisions and better manage risk.
Risk Manager
Risk Manager
Risk Managers are responsible for identifying, assessing, and mitigating risks. This course provides an overview of stress testing, including the different approaches, challenges, and practical problems associated with conducting stress tests. This knowledge can help Risk Managers develop more effective risk management strategies.
Investment Analyst
Investment Analyst
Investment Analysts need to be able to evaluate the risks and returns of different investments. This course provides an overview of stress testing, including the different approaches, challenges, and practical problems associated with conducting stress tests. This knowledge can help Investment Analysts make more informed investment decisions.
Compliance Officer
Compliance Officer
Compliance Officers are responsible for ensuring that their organizations comply with all applicable laws and regulations. This course provides an overview of stress testing, including the different approaches, challenges, and practical problems associated with conducting stress tests. This knowledge can help Compliance Officers understand the risks associated with their organizations' activities and develop more effective compliance programs.
Credit Analyst
Credit Analyst
Credit Analysts assess the creditworthiness of borrowers. This course provides an overview of stress testing, including the different approaches, challenges, and practical problems associated with conducting stress tests. This knowledge can help Credit Analysts make more informed credit decisions.
Insurance Underwriter
Insurance Underwriter
Insurance Underwriters assess the risks associated with insurance policies. This course provides an overview of stress testing, including the different approaches, challenges, and practical problems associated with conducting stress tests. This knowledge can help Insurance Underwriters make more informed underwriting decisions.
Regulatory Analyst
Regulatory Analyst
Regulatory Analysts analyze the impact of regulations on businesses. This course provides an overview of stress testing, including the different approaches, challenges, and practical problems associated with conducting stress tests. This knowledge can help Regulatory Analysts understand the risks associated with different regulations and develop more effective regulatory policies.
Portfolio Manager
Portfolio Manager
Portfolio Managers oversee the investment portfolios of their clients. This course provides an overview of stress testing, including the different approaches, challenges, and practical problems associated with conducting stress tests. This knowledge can help Portfolio Managers make more informed investment decisions and better manage risk.
Auditor
Auditor
Auditors examine the financial records of organizations to ensure that they are accurate and compliant with all applicable laws and regulations. This course provides an overview of stress testing, including the different approaches, challenges, and practical problems associated with conducting stress tests. This knowledge can help Auditors identify and mitigate risks associated with financial reporting.
Financial Planner
Financial Planner
Financial Planners help individuals and families plan for their financial futures. This course provides an overview of stress testing, including the different approaches, challenges, and practical problems associated with conducting stress tests. This knowledge can help Financial Planners develop more robust and realistic financial plans for their clients.
Management Consultant
Management Consultant
Management Consultants help organizations improve their performance. This course provides an overview of stress testing, including the different approaches, challenges, and practical problems associated with conducting stress tests. This knowledge can help Management Consultants identify and mitigate risks associated with organizational change and develop more effective consulting solutions.
Data Scientist
Data Scientist
Data Scientists use data to solve business problems. This course provides an overview of stress testing, including the different approaches, challenges, and practical problems associated with conducting stress tests. This knowledge can help Data Scientists develop more effective data-driven solutions.
Economist
Economist
Economists study the economy and develop policies to improve economic outcomes. This course provides an overview of stress testing, including the different approaches, challenges, and practical problems associated with conducting stress tests. This knowledge can help Economists understand the risks associated with different economic policies and develop more effective economic policies.
For more career information including salaries, visit:
OpenCourser.com/course/nn86fb/stress
Reading list
We've selected 27 books
that we think will supplement your
learning. Use these to
develop background knowledge, enrich your coursework, and gain a
deeper understanding of the topics covered in
Stress Testing and Risk Regulation – Part 2.
Focuses on risk regulation and stress testing from a financial professional's perspective.
Will be good additional reading. It comprehensive textbook on financial risk management. It covers a wide range of topics, including stress testing, risk modeling, and portfolio management.
Save
Provides an accessible introduction to the basics of stress testing, including how to design and conduct stress tests.
Provides a practical guide to stress testing for risk management. It covers topics such as stress test design, data collection, and model validation. It valuable resource for anyone working in the financial industry.
A collection of papers on macroeconomic stress testing from the Bank for International Settlements.
A comprehensive guide to stress testing for banks from the Institute of International Finance.
Save
Provides a practical guide to the risk management process. It covers topics such as risk identification, risk assessment, and risk mitigation. It valuable resource for anyone working in the financial industry.
Save
A comprehensive guide to stress testing for insurance companies from the International Association of Insurance Supervisors.
Save
A comprehensive guide to stress testing for pension funds from the International Organization of Pension Supervisors.
Will be good additional reading. It is the final report of the Financial Crisis Inquiry Commission. It provides a detailed account of the causes of the financial crisis of 2007-2008.
Provides a practical guide to the risk management process. It covers topics such as risk identification, risk assessment, and risk mitigation. It valuable resource for anyone working in the financial industry.
A paper on stress testing as a risk management tool for financial institutions from the Bank for International Settlements.
A toolkit for stress testing for risk managers from the World Bank.
Save
Will be good additional reading. It narrative account of the financial crisis of 2007-2008. It provides a detailed look at the key players and events that led to the crisis.
Save
Will be good additional reading. It narrative account of the financial crisis of 2007-2008. It tells the story of a group of investors who bet against the housing market.
This guide provides practical guidance for supervisors on the design and implementation of stress tests for financial institutions, focusing on the regulatory requirements and best practices.
Save
Will be good additional reading. It narrative account of the quantitative finance industry. It provides a detailed look at the key players and events that have shaped the industry.
Will be good additional reading. It provides a psychological perspective on financial decision-making. It explains how our brains are wired to make irrational decisions, and how we can overcome these biases.
Save
Examines the causes and consequences of financial crises, offering a historical perspective and insights into the role of regulation and policy in mitigating financial risks.
Provides a comprehensive overview of Value at Risk (VaR), a widely used risk measurement tool in finance, covering both the theoretical foundations and practical applications.
Save
Will be good additional reading. It provides a psychological perspective on financial decision-making. It explains how our brains make decisions, and how we can make better decisions.
Will be good additional reading. It provides a philosophical perspective on financial risk. It argues that we should be prepared for events that are highly improbable, but have a devastating impact.
Will be good additional reading. It provides a personal perspective on financial markets. It shares Soros's insights on how to make money in the markets, and how to avoid the pitfalls.
Is commonly used as a textbook at academic institutions or by industry professionals. It classic of financial literature. It tells the story of a legendary stock trader, and provides insights into the psychology of trading.
Save
Examines the macroeconomic effects of financial risk, focusing on the role of financial institutions and markets in propagating economic shocks and crises.
Is more valuable as additional reading than it is as a current reference. It classic of financial literature. It provides a comprehensive guide to value investing.
It is the seminal book on security analysis. It provides a comprehensive framework for analyzing companies and their securities.
For more information about how these books relate to this course, visit:
OpenCourser.com/course/nn86fb/stress
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Effort
1 to 2 hours per week for 4 weeks
Level
Introductory
Via
edX
Institution
New York Institute of Finance
Instructor
Anton Theunissen
Language
English
Transcripts
English
Español
Français
Português
Deutsch
中文
العربية
हिंदी
Türkçe
తెలుగు
Bahasa Indonesia
Kiswahili
This course belongs to a
collection
called
Risk Management. It's comprised of six courses:
- Introduction to Risk Management
- Stress Testing and Risk Regulation – Part 1
- Risk Management Tools and Practices
- Measuring Risk: Equity, Fixed Income, Derivatives and FX
- Stress Testing and Risk Regulation – Part 2 (viewing)
- Risk Management Professional Certificate Examination
Good to know
Covers a topic highly relevant to the banking sector
Provides a framework to understand the impact of the financial crisis of 2007-2008
Develops skills in conducting stress tests and regulatory requirements
Taught by instructors from the New York Institute of Finance, a recognized institution in the finance industry
Requires learners to come in with extensive background knowledge
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