Stress testing is an important tool in developing a complete picture of an institution’s liquidity risk profile. What constitutes a good stress test is, however, not universally clear. Practices still differ widely, not only in the supervisory community but also in the banking industry. The Workgroup on Liquidity Stress Testing of the Basel Committee’s Research Task Force (RTF-LST) was mandated to draft a survey on current practices, identify gaps and – where possible – suggest ways forward.[...]