Stress Test

Long-term success comes from building resilience into each element of the capital agenda and in the way those elements interact. We believe every non financial company should adopt an analogous approach to “future-proofing” its capital agenda. We use a broader, more strategic definition of stress that encompasses not only traditional macroeconomic, sovereign-risk, and commodity-related shocks— such as interest rates, recessions, oil prices, and expropriation—but also forces such as technological disruption, hostile takeovers, and activist shareholders.