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CA-14.7.6

The results of all stress tests must be reviewed by senior management within 15 days from the time they are available, and must be promptly reflected in the policies and limits set by management and the board of directors. Moreover, if the testing reveals particular vulnerability to a given set of circumstances, the CBB requires the conventional bank licensee to take prompt steps to manage those risks appropriately (e.g., by hedging against that outcome or reducing the size of its exposures).

January 2015