Author(s): Praveen Kumar
Financial institutions face stringent regulatory requirements, such as the Comprehensive Capital Analysis and Review (CCAR), which mandates rigorous stress testing and capital planning. Ensuring compliance with CCAR regulations is critical to avoid penalties and maintain the institution's reputation. This paper presents a case study of a large financial institution's implementation of CCAR software, focusing on the role of effective testing in achieving regulatory compliance. The study highlights the challenges encountered, testing strategies employed, and lessons learned during the implementation process. The findings emphasize the importance of risk-based testing, collaboration between business and IT teams, and the utilization of test automation. The paper concludes with recommendations for organizations undertaking similar regulatory compliance initiatives.
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