“…Stress testing was already a hot topic before crises, anyway, at the beginning of 2000s, when the FSAP (Financial Sector Assessment Program), managed by the IMF, had just been launched, for it was already clear enough that financial stability assessment had to be considered crucial (Blaschke, Jones, majnoni & Peria, 2001). Being the main 53 result of a worsening scenario, a right-hand shifting of the loss probability distribution, the subject was often dealt with, from the very beginning of the debate, in association with the literature about market risk modeling and Value at Risk (Cherubini & della lunga, 1999;Aragones, blanco & dowd, 2001;Teker & Akçay, 2004;Alexander & sheedy, 2008), by also emphasizing the drawbacks of the VAR approach (Lopez, 2005). The very simple, general idea is that a financial intermediary ought to demonstrate to be able to stand up under some adverse economic scenarios.…”