FRB considering major changes to bank stress tests

rforno

(I presume things like the Chevron decision, activist pro-business conservative courts, and an incoming 'president' who will sling arbitrary EO's around like playing cards are the force behind this.)

Due to evolving legal landscape & changes in the framework of administrative law, Federal Reserve Board will soon seek public comment on significant changes to improve transparency of bank stress tests & reduce volatility of resulting capital requirements....

https://www.federalreserve.gov/newsevents/pressreleases/bcreg20241223a.htm

yogibearbull

There will also be a 5-yr internal review of Fed operations that will be released formally at the 2025 Jackson Hole Fed Conference.

In a related news on Fed Stress-Tests, some banks are planning to sue the Fed over it,
https://www.cnbc.com/2024/12/24/biggest-banks-planning-to-sue-the-federal-reserve-over-annual-stress-tests.html

Crash

I smell another GFC again....... Big Money can NEVER be trusted to police itself. The Banksters want to sue? They know the Trumpster regime (sic) will be supportive.