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Thriving Under Pressure

Online Exclusives Ankit Garg Sep 08, 2020

Organizations can learn from the banking industry’s use of stress testing to ensure they can respond to economic downturns.

In response to the global financial crisis of 2008, the U.S. government enacted regulatory reforms requiring banks to perform an in-depth review of the risks in their businesses. Among the regulations, banks had to conduct stress testing and scenario analysis each year. These tests involved performing a “what-if” analysis of how their balance sheets, net income, capital cushion, and other key financial metrics would evolve if an economic stress occurred.

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Ankit Garg

Vice President–Risk Internal Audit, JP Morgan Chase in New York

Most recently implemented and led both the internal audit and compliance functions for a global professional services firm. While at the firm, she also successfully implemented an internship program, mentoring nearly 20 students. She currently serves the internal audit profession as a member of The IIA’s North American and Global Boards of Directors.