Our own Brad Olson is quoted several times in the latest edition of Safety and Soundness Bank Advisor, November 1, 2010.
Community Banks not yet stress testing
…Nearly one-third of the community banks that answered a recent Bank Safety & Soundness Advisor survey were not yet using stress tests at their institutions,
and almost one-half were simply using Excel spreadsheets as their tool of choice.
And that’s not sophisticated enough for a sufficient stress test, argues Brad Olson, president of Olson Research Associates Inc. in Columbia, Md., which does interest-rate risk stress testing for community banks. “It’s more complicated than a spreadsheet. I would definitely say that’s a last resort type of thing.”[read the entire article]