Reported 1 day ago
The Federal Reserve has proposed significant changes to its annual stress tests for large banks, recommending that results be averaged over two years to reduce volatility and improve transparency. This includes extending the period banks have to meet capital requirements from October to January following the test results, as well as streamlining data collection processes. While the Fed aims to address industry concerns about the opaque nature of these tests, some officials worry that these changes could dilute the effectiveness of the assessments.
Source: YAHOO