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Stock impact report

Fed's Quarles sees 2019 as an 'interim' year for bank stress tests [Reuters]

Solidion Technology, Inc. (STI) 
Last solidion technology, inc. earnings: 10/17 06:00 am Check Earnings Report
Company Research Source: Reuters
Fed's Quarles sees 2019 as an 'interim' year for bank stress tests | Reuters 3 Min Read NEW YORK - U.S. bank stress tests conducted during an “interim” period this year will help the Federal Reserve decide what permanent changes to make to the closely followed examinations, the Fed’s point person on financial supervision Randal Quarles said on Wednesday. On Tuesday the Fed said it would make its stress testing of large banks more transparent in 2019, providing financial firms significantly more information about how their portfolios would perform under potential economic shocks. The changes respond to long-running bank complaints that the current stress-testing process is cumbersome and opaque. Less complex banks with assets between $100 billion and $250 billion, such as SunTrust Banks and Fifth Third Bancorp, do not have to face 2019 stress tests, as the Fed is moving to a two-year cycle for testing those firms. “Our challenge now is to preserve the strength of the test, while improv Show less Read more
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