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| Summer 2010 |
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| Stress Testing Is Changing Bank Supervision |
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Jerry Loeser
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Posted with permission from Manager's Guide: Summer 2010
Federal Reserve Chairman Ben Bernanke recently spoke on the occasion of the first anniversary of the public release of the stress test results for the 19 largest banking organizations in the midst of the recent financial crisis. Under the House version of the pending financial regulatory reform legislation, H.R. 4173, systemically significant firms would be required to perform quarterly stress testing, and all financial companies with assets of $10 billion or more would be required to undergo annual stress testing. In the Senate, the Dodd Bill, S. 3217, would also subject systemically important firms to stress testing, but not every large financial company, although it would require stress testing of all large (at least $50 billion in assets) bank holding companies. |
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