Wire flash
Fed's Bowman: Plans to Expand Stress Test Use for Internal Bank Risk Reference
Editorial responsibility
- No named human review is recorded for this page.
- Source reporting is collected, normalized, translated or condensed automatically when needed.
- Automatically published source-backed update
Federal Reserve Governor Michelle Bowman announced that the Federal Reserve intends to broaden the application of its stress tests in the future. The expanded stress tests are designed to generate internal reference information regarding bank risks, which will be utilized by Fed supervisors. This initiative aims to enhance the central bank's oversight capabilities by providing more detailed risk assessment data. The statement was reported by Jin10, a Chinese financial news outlet, and reflects the Fed's ongoing efforts to strengthen the resilience of the banking system through rigorous evaluation methods.
Source report
Federal Reserve Governor Michelle Bowman announced that the Federal Reserve plans to broaden the scope of its stress tests in the future. The expanded tests are intended to provide internal reference information on bank risks for Fed supervisors.
Source
金十数据Neutral / independent
Part of this Story
Fed Governor Bowman announces stress test reforms to finalize in coming weeks