Federal Reserve official outlines plans to ease burden of bank stress tests prompted by financial crisis [Los Angeles Times (CA)]
Solidion Technology, Inc. (STI)
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Source: Los Angeles Times
Federal Reserve official outlines plans to ease burden of bank stress tests prompted by financial crisis Wall Street banks will have to wait a bit longer for regulators appointed by President Trump to make the Federal Reserve’s stress tests less stressful. Their reward for being patient could be many more concessions than the industry anticipated. Randal Quarles, the Fed’s vice chairman for supervision, said Friday that a planned overhaul of the annual exams won’t be in place until at least 2020, instead of next year as the central bank had planned. But in good news for Wall Street, he said the revamp could target three issues that have long frustrated bankers: the possibility of having dividend and share-buyback plans publicly rejected, the testing process’ lack of transparency, and reducing the stigma of failing what’s known as the qualitative part of the assessments. Quarles stressed, however, in remarks made at a Brookings Institution event in Washington, that the changes are “not
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STI
Sec Filings
- 4/19/24 - Form 8-K
- 4/15/24 - Form S-1
- 4/12/24 - Form 10-K
- STI's page on the SEC website