In remarks at a virtual industry event today, Fed Governor Lael Brainard commented on the strong performance of the banking sector during the COVID-19 pandemic, emphasizing that strong capital and liquidity positions will continue to be important as banks continue to face a high degree of uncertainty.
The Federal Reserve’s efforts to improve the efficiency and effectiveness of stress tests have proven critical in helping the agency and the financial industry respond to COVID-19, Fed Vice Chairman for Supervision Randal Quarles said today.
Speaking at an industry event today, Federal Reserve Governor Lael Brainard expressed support for mandatory climate disclosures to help measure and mitigate climate risk.
The Federal Reserve today released the two hypothetical economic and financial market scenarios that it will use in the next round of the Comprehensive Capital Analysis and Review process for the nation’s largest financial institutions.
Financial regulators—including the Federal Reserve—are moving to incorporate climate risk assessments in their supervisory activities, according to a new research letter published today by the Federal Reserve Bank of San Francisco.
In the second supervisory stress test of 2020, large banks maintained strong capital levels under two separate hypothetical economic downturns, the Federal Reserve said on Friday.
The banking industry was able to pass the “ultimate stress test” with flying colors in March and April as the coronavirus spread, Federal Reserve Vice Chairman Richard Clarida said today at ABA’s Unconventional Convention.
The Basel Committee on Banking Supervision is considering the use of stress tests, heat maps and scenario analysis to gauge the risks from climate change on financial institutions, Kevin Stiroh said today.
The Federal Reserve today released two hypothetical economic and financial market scenarios that it will use in the next round of bank stress tests for the nation’s largest financial institutions.
The Federal Reserve today issued individual capital requirements, taking effect Oct. 1, for banks with more than $100 billion in total assets.