(a) Increased volatility in key financial markets assesses the effects of increased volatility and adverse movements of market risk factors (i.e. interest rates, foreign exchange rates and equity or commodity prices) on a bank's market risk exposures;

(b) Effect of key monetary decisions by the CBB, which might impact stock prices, FX rates and interest rates;

(c) Effect on the bank arising from a rating downgrade of sovereign, leading to widening of credit spreads and a fall in equity prices; and

(d) Structural changes to the economy of the main countries in which the bank operates.