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Dubai Financial Services Authority (DFSA): Contents

Dubai Financial Services Authority (DFSA)
Recognised Jurisdictions and Funds
Declaration Notices
Financial Markets Tribunal
Rulebook Modules
Prudential — Investment, Insurance Intermediation and Banking Module (PIB) [VER34/12-19]
PIB 4 Credit Risk
PIB 4 Part 3 — CRDOM
PIB 4.14 Securitisation
Sourcebook Modules
Consultation Papers
Policy Statements
DFSA Codes of Practice
Amendments to Legislation
Media Releases

Whole SectionText only Print Print Manager Link

(1 version)
Dec 9 2012 onwards

PIB 4.14.5 Guidance

Whole Section PDF

The definitive version of DFSA handbook text is the PDF version as that is the text of the instrument as made and published by the DFSA.

To view past versions of this module in PDF format, please visit the Archive.

1. The periodic stress testing in relation to securitisation activities referred to in PIB Rule 4.14.5 should consider the firm-wide impact of those activities and ExposuresG in stressed market conditions and the implications for other sources of risk. Such stress tests should include both existing securitisation ExposuresG and transactions in the pipeline, as there is a risk of the pipeline transactions not being completed in a stressed market scenario.
2. The frequency and extent of stress testing to fulfil the requirements of PIB Rule 4.14.5 should be determined on the basis of the materiality of the Authorised Firm'sG securitisation volumes and its off-balance sheet ExposuresG .
3. An Authorised FirmG should have procedures in place to assess and respond to the results produced from the stress testing and these should be taken into account under the ICAAPG .
Derived from RM111/2012 (Made 15th October 2012). [VER20/12-12]