
Equity, Diversity and Inclusion
The case for market-based stress tests
Is it time to rethink the stress tests we use for banks and other financial institutions?
Sir John Vickers has been Warden of All Souls College, Oxford, since October 2008. He studied at Oxford University, where, after a period working in the oil industry, he taught economics and was Drummond Professor of Political Economy from 1991 to 2008.
Is it time to rethink the stress tests we use for banks and other financial institutions?
Sir John Vickers reviews the Bank of England’s recently published framework for the systemic risk buffer.