Egypt’s FRA to begin stress-testing NBFS institutions

FRA to begin stress-testing NBFS institutions: The Financial Regulatory Authority (FRA) has developed an analytical stress testing tool to gauge the impact of macroeconomic crises on the non-bank financial services sector, FRA boss Mohamed Omran said. Stress testing is typically used to weigh investment risk and asset quality, and help evaluate the internal risk management processes in place at financial institutions. The NBFS sector includes leasing, microfinance, factoring and consumer finance companies, among others.