✉news BusinessBanking first seen 1 d ago, last 16 h ago, peak #9
Fed finalizes overhaul of bank stress tests
Original: Fed finalizes bank 'stress test' overhaul
The US Federal Reserve has finalized changes to its annual bank 'stress test' program, which measures whether large lenders can withstand severe economic downturns. The overhaul would alter how capital requirements are calculated and could reduce the buffers banks must hold. Industry groups have long argued the tests were too opaque and volatile, while some critics worry the changes may weaken oversight. Reaction is coming mainly through banking and policy circles.
Why now: The Fed's finalized rules change capital requirements for major US banks, a consequential shift for the financial industry.
Evidence
- Fed finalizes bank 'stress test' overhaul · Reuters
- Fed finalizes bank 'stress test' overhaul · San Luis Obispo Tribune
- Fed finalizes bank 'stress test' overhaul · Bellingham Herald
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