Community Bank Stress Testing in Challenging Times: Preparing for ‘The Next Thing’

The uncertain environment of the past few years has driven home the importance of stress testing for community banks. 

In addition to modifying how they stress test, community banks are ensuring that stress testing takes account of the bank’s policymaking and strategic plan, according to a session at RMA’s Annual Risk Management Virtual Conference. But finding the appropriate resources and time can be a challenge for smaller banks, acknowledged Tom MacDonald, c…