The size of the SRF has been criticized for being insufficient and its governance structure has been criticized as being overly complex. If a sound backstop is not in place, there will be pressure for stress tests to become softer, which would be a detriment to financial stability.
In line with the objectives of the NSFI, he BSP now seeks to formalize the existing test and learn 1/3  BIS central bankers' speeches  approach into a comprehensive and structured regulatory sandbox framework.