Banks to Fed: reshape CCAR for peacetime
Ten years past the end of the financial crisis, and several years since the last big bank failed the US Federal Reserve’s stress test, core tenets of stress-testing are being called into question by the industry and its overseers.
“With capital more than doubling since the crisis and with significant advances in sophistication of stress-testing post-crisis, it’s time to recalibrate the stress tests in peacetime,” said Brian Lee, chief accounting officer at Goldman Sachs. “That goes for both how
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