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Biggest banks sue Federal Reserve over annual stress tests
The Fed is weighing ‘significant changes’ to its annual stress tests for large U.S. banks to lessen the risk of large year-on-year swings
The Federal Reserve may overhaul its annual stress tests for large U.S. banks to reduce the volatility of the results, but also make them more transparent. While the Fed did not o
Big banks, business groups sue US Fed over annual stress tests
Major banks and business groups sued the Federal Reserve on Tuesday, alleging the U.S. central bank's annual "stress tests" of Wall Street firms violate the law.
Federal Reserve proposes more transparency in bank stress tests, but banks still sue
Trade groups representing the largest U.S. banks on Tuesday filed suit in federal court to force more transparency in the U.S. Federal Reserve’s bank stress tests imposed after the 2008 global financial crisis,
36m
Holiday Stress Test
The Fed was already moving in this direction. Just one day before the lawsuit was filed, the Fed announced that it would ...
Benzinga.com
5h
Banks And Business Groups Challenge Fed's Stress Test Rules
The lawsuit follows the
Fed
’s recent announcement to overhaul its
stress
test
regime and seek public input on proposed ...
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