Fed, FDIC Provide Details on ‘Living Wills’ for Largest Banks
The FDIC and the Federal Reserve today provided information to eight large financial institutions to guide their targeted resolution plan submissions, which are due July 1, 2021.
Browsing: Stress tests
Fed: Most Banks Remain ‘Sufficiently Capitalized’ in COVID Stress Scenarios
All 33 banks participating in the Federal Reserve’s 2020 supervisory stress tests would remain above minimum regulatory capital levels under three COVID-related downside scenarios.
Quarles: Large Bank Stress Tests to Assess Industry Performance Under COVID-19 Scenarios
The latest stress test results for the nation’s largest banks will include a “sensitivity analysis” of how institutions would perform under three distinct scenarios related to the coronavirus pandemic and economic recovery, Federal Reserve Vice Chairman for Supervision Randal Quarles said today.
Quarles: Fed to Consider Performance Through Pandemic in Stress Tests
The Federal Reserve will incorporate banks’ performance in the economic fallout of the coronavirus pandemic into the ongoing 2020 stress tests, Vice Chairman for Supervision Randal Quarles signaled today.
Fed Finalizes Stress Capital Buffer Proposal, Completing Overhaul of Stress Test Framework
The Federal Reserve today released a long-awaited final rule simplifying the complex stress testing and capital planning framework for the nation’s largest banks.
Quarles Makes Case for Fed Supervision Revamp
Taking note of the inherent tension in bank supervision between the need for confidentiality and tailoring on one hand and accountability and predictability on the other, Federal Reserve Vice Chairman for Supervision Randal Quarles today elaborated on his plans to revamp how the Fed supervises banks.
Federal Reserve Issues 2020 CCAR Scenarios
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.
Quarles Outlines Plans to Improve Supervision Transparency, Due Process
Federal Reserve Vice Chairman for Supervision Randal Quarles today outlined several actions the agency is considering to increase the transparency of its supervisory activities and ensure due process for supervised institutions, acknowledging that the Fed has not “communicated as clearly as it should” with banks under its supervision.
Fed Official: No Near-Term Plans for Climate Risk Weights, Stress Tests
Amid greater attention by policymakers worldwide to financial risks associated with climate change, a senior Federal Reserve official today said that the agency has no “near-term” plans to conduct climate stress tests or impose climate-related risk weighting on assets.