The board aims to bring greater transparency to the process that measures how financial institutions are likely to fare under certain scenarios.
The Federal Reserve building in Washington on Aug. 12, 2024. Madalina Vasiliu/The Epoch Times
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The Federal Reserve said on Oct. 24 that it is requesting comments on proposals to overhaul annual stress tests for large banks.
Every year, the Fed conducts stress tests to ensure that large financial institutions maintain sufficient capital and can lend to businesses and households during harsh economic downturns.
Andrew Moran has been writing about business, economics, and finance for more than a decade. He is the author of “The War on Cash.”
