Webinar on demand, Moody’s Analytics, September 2014, Accessed March 2015
- Critical review of elements, key assumptions, uncertainties and limitations
- Review of program’s implementation, including the design of scenarios
- Backtesting as part of a validation framework but not limited to
- Dynamic vs static balance sheet
- Strong infrastructure needed
- How is stress test embedded?
- Not only challenge by validation but also by senior management
- Roadmap of changes needed
- Sensitivity analysis of key model assumptions