Fed points the finger at weak stress testing by US banks

Major US banks are failing on key risk management tasks, regulator says


Overoptimism and sloppy documentation are undermining the stress-testing process at the largest banks in the US, the Federal Reserve has warned.

In a report covering the 18 major banks with total assets over $50 billion, the Fed warned that all fell short of the standards laid down by the Comprehensive Capital Analysis and Review, the annual process of stress testing required by the Fed to assess the ability of banks to remain adequately capitalised under adverse circumstances.

The Fed did not

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 info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options


Want to know what’s included in our free membership? Click here

This address will be used to create your account

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Risk.net 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