Wesleyan Bank goes live with KnowCo stress testing system
Wesleyan Bank, part of the Birmingham-based mutual Wesleyan Group, has gone live with KST, the stress testing system from risk management consultancy and software provider KnowCo.Read more
The Great Recession caused massive economic damage to real economies across the world.
The result was a package of tough new regulatory imperatives for banks, including stress-testing requirements for liquidity, capital and business models.
KnowCo has developed smart software applications enabling fast and effective compliance with the new rules, minimising the risk of regulatory censure and penalties.