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TS-RDC-01 Trust & Stewardship Risk, Data & Compliance CORE Compliance v2.9.7

Multi‑scenario financial stress‑testing documented

Assesses whether the organization regularly conducts financial stress-testing to evaluate its resilience to adverse scenarios. This helps identify vulnerabilities, prepare contingency plans, and ensure sustainability. It quantifies liquidity runway under severe but plausible and reverse scenarios over a multi-year horizon and informs reserves policy, going concern assessment, and a board-approved viability view.

Compliance 1
  • Explicit linkage to reserves policy (CC19) and going concern assessment (SORP FRS 102)
    Governance Essential
Good 5
  • Documented methodology for financial stress-testing
    Documentation Essential
  • Multiple scenarios covering different types of risks (financial, operational, external)
    Process Essential
  • Named process owner and committee approval of methodology/results
    Governance Essential
  • Involvement of multiple departments in scenario development
    Collaboration High
  • Documentation of assumptions and limitations
    Transparency High
Better 8
  • Reverse stress-testing documented, including failure conditions and mitigations
    Process Essential
  • 3–5 year cashflow-based projection with liquidity runway profiling
    Process Essential
  • Documented early-warning indicators + decision thresholds linked to pre-approved playbooks
    Governance Essential
  • Contingency plans include liquidity waterfall + Shariah-compliant standby facilities + donor escalation protocol
    Documentation Essential
  • Comprehensive range of scenarios with varying severity levels
    Excellence High
  • Combination of quantitative and qualitative analysis
    Excellence High
  • Regular refinement of testing approach
    Continuous Improvement High
  • Model governance and data quality controls
    Data Integrity High
Best 3
  • Independent challenge/validation every 2–3 years with documented assumptions/data lineage/limitations
    Assurance High
  • External validation of methodology
    Excellence High
  • Table-top exercises/war-gaming of contingency plans
    Operational Resilience High

Related Criteria

TS-RDC-02 Complaints & whistle-blowing mechanism TS-RDC-03 Due-diligence on delivery partners TS-RDC-04 Serious-incident reporting & escalation TS-RDC-05 Cyber-security baseline (NCSC Cyber Essentials – UK) TS-RDC-06 GDPR accountability & DPIA log
Version
2.9.7 2025-11-05

Discussion (1)

Administrator 2026-03-07 11:07:50.154752

📋 **Version updated: 1.0.0 → 2.9.7** **Changes:** Updated islamic_references from mizan-297.json

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