U.S. bank analysts have cleared their diaries on Thursday ahead of a long evening poring over results of the Federal Reserve's bank health checks, which have been upended this year by the coronavirus pandemic.
NEW YORK/WASHINGTON - U.S. bank analysts have cleared their diaries on Thursday ahead of a long evening poring over results of the Federal Reserve’s bank health checks, which have been upended this year by the coronavirus pandemic.
This year, analysts, investors and bankers are flying blind after the economic crisis triggered by the outbreak of novel coronavirus coincided with a new regulatory tweak to rip up the Fed’s “stress test” playbook. The Fed will release results of the test, which was devised before the pandemic, on Thursday after markets close. The Fed is expected to provide guidance on how banks would fare if the current economic slump worsens.
One item analysts say they will focus on is the impact of a new “stress capital buffer” the Fed introduced to better align lenders’ capital requirements with their risk profiles.
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