MUFG: Times of Stress
Edward Johnson, PMP®, CSM®
July 10
Addressing Basel Committee on Banking Supervision (BCBS) 239, the project defines and establishes a governed framework and approach, to produce times of stress reports (this will feed requirements to Enterprise Data Processing (EDP) , Report Automation and business as usual (BAU) Processes as necessary). Worked with internal resources across the bank and independent auditor McKinsey and Co.
Value Delivered
- Identify relevant stress / crisis scenarios that could require non – regular reporting on data requirements
- Defined criteria & triggers, stress scenarios, impact measurement standards for Times of Stress reporting
- Develop Times of Stress protocols and requirements
- Building a Times of Stress Library including Stress Scenarios, Critical Events, Stress Factors, and their business impacts
- Identifying data source dependencies for specific reporting requirements in Times of Stress
- Coordinate with Business Continuity, First Line of Defense, Second Line of Defense on testing drills
- Conduct drills to demonstrate capability to produce risk reports in Times of Stress
- Deliver report on testing drill results