Bernanke rules out repeat of Scap stress tests

US Federal Reserve chairman Ben Bernanke played down the prospect of further stress tests for systemically important banks, describing the 2009 tests under the Supervisory Capital Assessment Program (Scap) as "a one-time event" in a speech in Chicago today.

Speaking to the Chicago Fed's annual conference on bank structure and supervision, Bernanke said the Scap tests had been valuable, but were "a watershed event – unprecedented in scale and scope". He added: "Circumstances may not again call

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: