The Federal Reserve is planning to make changes to its annual stress tests for large banks to increase transparency and reduce predictability.
WASHINGTON, Dec 23 (Reuters) - The US Federal Reserve announced on Monday that it plans to make significant changes to its annual 'stress test' of large banks in a bid to make them more transparent and less predictable. The changes under consideration include making public the models the Fed uses to determine the hypothetical losses banks would face under the exam, as well as welcoming public comment on them.
The Fed would similarly welcome feedback on the hypothetical scenarios it creates each year for the exam, and also average results over two years to reduce annual volatility in the results, which determine how much extra capital firms must set aside for potential losses.Reporting by Pete Schroeder; Editing by Mark PorterThe views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication
FEDERAL RESERVE STRESS TESTS BANKS TRANSPARENCY REGULATION
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