Items tagged with stress-tests:
News & Updates:
Federal Reserve Bank Chairwoman Janet Yellen said in her June 17 news conferencethat the Fed isn’t willing to reveal the models that support the big bank stress tests… Banks say their numbers often don’t match the Fed’s numbers for the stress results but the central bank won’t tell them why.
Congressional Negotiators Reach Budget Deal; House Approves Plan to Address Underfunded Multi-Employer Pensions; Federal Reserve to Raise Capital Requirements on Big Banks in 2016
New Executive Actions to Stimulate Manufacturing; Home Sales Index Up in September; 13 European Banks Fail Stress Tests
The Dodd-Frank Act requires that the Federal Reserve conduct an annual stress test on large bank holding companies (BHCs) to ensure they have sufficient capital to withstand losses from adverse economic conditions. Eighteen BHCs were subjected to a stress test this year.