The consultation provides guidance on Stressed Value at Risk modelling by credit institutions using the Internal Model Approach for the calculation of the required capital for market risk in the trading book. Such an approach is seen as an important means of addressing weaknesses in the regulatory capital framework and in the risk management of financial institutions each of which contributed to the turmoil in global financial markets. It is expected to reduce reliance on cyclical value-at-risk-based capital estimates as well as to contribute to the development of a more robust financial system.