‹ ST-1.2.7 ST-1.3 Uses of Stress Testing › ST-1.2.8 For branches of foreign bank licensees, where no local board of directors exists, all references in this Module to the board of directors should be interpreted as the authorised person(s) at the Head Office/ Regional Office. July 2018 ‹ ST-1.2.7 ST-1.3 Uses of Stress Testing ›