Fed's climate stress test whips up storm for banks
Long-awaited US climate risk exercise puts tough pressure on banks’ data and models
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Long-awaited US climate risk exercise puts tough pressure on banks’ data and models
Rapid transition to large-bank bracket left supervisors flat footed on rate risk
Economy a little bit more and that will affect some of the decisions the fed has to make up interest rates. so it is not anywhere close to what we experience in 2008 -- 2009. the blame goes beyond the fed and local management of these banks. congress decided to loosen the requirements on reporting and stress testing of these midsized banks in the last administration. and then this administration did not change that back. so congress has a role also in some of the problems we are experiencing right now. spent martin greenberg is a chairman of the federal deposit corporation testified in front o...
Experts disagree on whether internal stress tests should include emergency facilities
The US Federal Reserve's report on the collapse of Silicon Valley Bank highlights the need for stronger banking oversight and regulation. The report also criticizes a Trump-era law that rolled back some banking regulations and calls for tougher rules around interest-rate risk, liquidity, and capital requirements.