One-third of financial institutions report that their examiners have pressured them to start or expand stress testing.
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One-third of depository institutions have reported receiving pressure by their examiners to conduct stress tests on their portfolios or to expand ongoing stress testing, according to a recent survey by financial service provider Sageworks.
The Federal Reserve today proposed several changes to the Dodd-Frank Act-mandated stress tests for banks with more than $10 billion in assets.
The Federal Reserve is pursuing improvements to the stress testing process of systemically important banks, Fed Vice Chairman Stanley Fischer said today in a speech at a conference in Stockholm. In addition asking for feedback from financial institutions, the Fed asked market analysts and academics to come forward with suggestions on “how to overhaul the process,” Fischer said.
Mid-sized banks have begun reporting the public results of their Dodd-Frank Act-mandated stress tests and disclosures will continue through the end of the month.
With results from the Dodd-Frank Act-mandated stress tests for banks with $10-50 billion in assets set to be publicly disclosed for the first time later this month, the federal banking agencies yesterday issued a statement intended to place the disclosures in context.
Senate Banking Committee Chairman Richard Shelby (R-Ala.) today released a draft of a sweeping financial reform bill that would provide regulatory relief for banks of all sizes, tailor the regulatory structure for systemically important banks and begin restructuring within the Federal Reserve System and at Fannie Mae and Freddie Mac.