Fed says it is weighing changes to bank tests for systemic risk

Quick Summary:

Their businesses are put through a series of doomsday scenarios to calculate the appropriate capital requirement for each lender.

Banks executives have also criticised the tests for being too opaque and producing results that are too volatile.

The stress test is an annual exercise for the largest US banks including JPMorgan Chase and Goldman Sachs.

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Article Details

Author / Journalist: Joshua Franklin

Category: MarketsFinanceInvesting

Markets: United States

Topics: Results Year Banks Financial Stress Industry Capital Changes Tests Banking Test

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-23 @ 22:28:03 (21 hours ago)

News Timezone: GMT -5:00

News Source URL: ft.com

Language: English

Article Length: 499 words

Reading Time: 3 minutes read

Sentences: 21 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Financial Times

News ID: 24615763

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About Financial Times

Main Topics: MarketsFinanceInvesting

Official Website: ft.com

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