The Federal Reserve may overhaul its annual stress tests for large U.S. banks to reduce the volatility of the results, but ...
The central bank, a day earlier, had said it aims to improve transparency and consider public comment on its stress-testing ...
That’s what the Fed has been doing with its capital stress tests, as banking groups argue in a lawsuit filed Tuesday. Banks say the Fed is violating the Administrative Procedure Act by dodging ...
The U.S. Federal Reserve said on Monday it was considering major changes to its annual bank "stress tests" in light of recent ...
Major banks and business groups sued the Federal Reserve on Tuesday, alleging the U.S. central bank's annual "stress tests" of Wall Street firms violate the law.
To this day it’s said that mark-to-market (MTM) accounting rules are what caused existential troubles for banks and ...
In 2010, Congress passed the Dodd-Frank Wall Street Reform and Consumer Protection Act, a major law regulating large ...
the Fed said. Under the revised system, the models that determine hypothetical bank losses would be open to public comment, as would be the hypothetical stress scenarios used in each year's test.
"The framework of administrative law has changed significantly in recent years," the Fed stated. "The board analyzed the current stress test in view of the evolving legal landscape and determined to ...
The consortium alleges that the central bank is violating federal law by not allowing public input on its stress test process, a requirement that is legally mandated. Yahoo Finance Senior Fed ...
The Fed says the changes will be aimed ... as would be the hypothetical stress scenarios used in each year's test. Instead of single-year snapshots, results would be averaged over two years ...