However, in the interim we are using a modified form of stress testing as part of the annual capital planning process we have established for large bank holding companies. This process goes well beyond a stress testing exercise. It requires firms to project their capital needs and plans on a firm-specific basis, as well as with reference to more standardized stress scenarios.
* * * Vice President, Mr Vincent Meriton, Minister for Finance, Trade, Investment and Economic Planning, Ambassador Maurice LoustauLalanne, Deputy Executive Director, Alliance for Financial Inclusion, Mr Norbert Mumba, Programme Leader, World Bank Group, Ms Carolin Geginat, Representatives of SADC Central Banks, Distinguished Guests, Ladies and Gentleman, Good Morning, The introductory video we have just watched has set the stage for deliberations on a very important topic; Financial Technology or Fintech, which is rapidly changing the global economic and financial landscape.