The U.S. Federal Reserve is to begin conducting supervisory stress tests this fall for 19 large bank holding companies
Bernanke cites concerns about high U.S. unemployment levels, weak economic recovery
Smaller banks may need more time to develop “high-quality stress testing programs”
Rule takes effect September 14
The Federal Reserve Bank of New York said Friday that it received reports of problems with the setting of the London Interbank Offered Rate (Libor) back in 2007, before the issue first came to public attention. The New York Fed issued a statement indicating that as part of its market surveillance efforts following the onset […]
US$267 billion more to drive long-term rates down
Guidance highlights the importance of stress testing as an ongoing risk management practice
Final version of controversial banking rule yet to be adopted
Citigroup among those that failed
Settlement reduces the likelihood of more costly litigation