In other words, ensuring good governance is never-ending; it is always a work in progress. BIS central bankers’ speeches  1  Ladies and gentlemen. The strategic nature of corporate governance has tactical elements which are inherently actionable.
The institutions’ balance sheets could be altered for some scenarios, and not for others. For the stress test, the impact of a positive interest rate shock of 200 basis points was compared with that of a continued low-interest-rate environment. The scenario also assumes a 200 basis point increase in the probability of default and a 20% increase in the loss given default.