HKMA SPM
Internal controls and risk management (IC) – HKMA SPM

HKMA SPM IC-5: IC-5 Stress-testing

Gives the key elements of an effective stress-testing programme: objectives; process, policies and procedures; governance, resources and infrastructure; risk identification; approaches, models and methodologies; design and setting of stress scenarios; use of results and risk-mitigating strategies; interpretation and communication of results; independent review; and the HKMA's supervisory assessment including its use of supervisory scenarios, with an annex of risk factors and scenario examples. Classification: a non-statutory guideline issued as a guidance note; version V.3, 13.04.2026; applies to all AIs.

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