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US banks’ stress test accuracy worsens in DFAST 2024
US banks’ self-assessments of their stressed Common Equity Tier 1 capital ratios diverged from the US Federal Reserve’s predictions once again in the latest Dodd-Frank Act stress test. The eight US G-Sibs and Northern Trust’s projections for their peak-to-trough depletions were, on average, 132bp off those calculated by the Fed.
QUOTE OF THE WEEK
NAIC proposes asset tests for offshore reinsurance
“[The NAIC] is concerned about what they regard as regulatory arbitrage, that is, the use of offshore reinsurance to take advantage of more relaxed capital and reserve requirements” – Daniel Rabinowitz, Kramer Levin
24 Jul 2024 
