Importance Global academic, financial, economic and political communities are conscious of sustainable development of banking systems and smoothing chronic financial imbalances. In this context, it is crucial for financial institutions to create and develop an effective system of integrated risk analysis within the organization, and for supervisory authorities of different countries to build an early warning system to identify crisis at its initial stage. Objectives The objective of the study is to analyze the practice and methodological approaches of Russian and foreign commercial banks to the stress-testing process arrangement and management. Methods The methodological basis of the study is annual reports of Russian and foreign banks, as well as my personal observations. Results The article presents a new wording and definition of the concept of stress-testing of the banking system's financial stability. It also describes the distinctive features of Russian practices, and shows how it differs from the best practices of foreign banks in managing and arranging the stress-testing. Conclusions The level of using the stress test results by senior management of banks is low, and the involvement of internal management in the stress-testing process is extremely rare and rather exceptional practice.
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