It’s worth thinking about as a Federal Reserve still traumatized by 2008 foists all manner of “stress tests” on banks as a ...
The central bank, a day earlier, had said it aims to improve transparency and consider public comment on its stress-testing ...
Trade groups representing the country’s biggest banks sued the Federal Reserve on Tuesday, accusing it of using an opaque process to test banks’ resiliency during annual stress tests.“The Board’s lack ...
have filed a lawsuit on Tuesday against the Federal Reserve for violating federal law with the "opaque aspects of the stress testing framework." "For years, we have highlighted serious concerns about ...
“In view of the evolving legal landscape, the Federal Reserve Board will soon seek public comment on significant changes to improve the transparency of its bank stress tests and to reduce the ...
The litigation addresses long-standing concerns about the opacity of the Federal Reserve’s stress testing procedures, which the plaintiffs claim lead to excessive and volatile capital requirements.
It’s worth thinking about as a Federal Reserve still traumatized by 2008 foists all manner of “stress tests” on banks as a way of allegedly ensuring their health during times of trouble.
The Federal Reserve is open to changing its stress-testing practices in hopes of heading off potential future legal challenges. On Monday, the Fed said it would ask the public for input next year on ...
WASHINGTON — Banks and business trade groups sued the Federal Reserve board on Tuesday ... and feedback from banks and other members of the public to ensure that stress testing is fair, transparent ...
"For years, we have highlighted serious concerns about the stress testing framework and the ... up under a similar monetary crisis. The Federal Reserve conducted the first stress tests in 2011.
Trade groups representing the country’s biggest banks sued the Federal Reserve on Tuesday, accusing it of using an opaque process to test banks’ resiliency during annual stress tests.