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UK PRA sets rules for reverse stress tests, bank risk officers, investor reports

( August 3, 2015, 16:16 GMT | Official Statement) -- MLex Summary: Banks should carry out reverse stress tests, in which they consider possible causes of failure and examine what scenarios could give rise to such events, in one of a package of rules updated today by the UK Prudential Regulation Authority. The PRA measures also included rules for chief risk officers as well as updated reporting requirements for banks and investors.The following is the text of the statement. Click the attachments at bottom for the full documents....

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