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Big banks sue Federal Reserve over stress tests
The Fed is weighing ‘significant changes’ to its annual stress tests for large U.S. banks to lessen the risk of large year-on-year swings
The Federal Reserve may overhaul its annual stress tests for large U.S. banks to reduce the volatility of the results, but also make them more transparent. While the Fed did not o
Big banks, business groups sue US Fed over annual stress tests
Major banks and business groups sued the Federal Reserve on Tuesday, alleging the U.S. central bank's annual "stress tests" of Wall Street firms violate the law.
US Banks Sue Fed Over 'Opaque' Stress Tests
A business coalition led by large US banks filed suit Tuesday against the Federal Reserve, criticizing the central bank's annual stress test implementation as "opaque" and detrimental to economic growth.
33m
on MSN
Holiday Stress Test
In 2010, Congress passed the Dodd-Frank Wall Street Reform and Consumer Protection Act, a major law regulating large ...
Benzinga.com
9h
Banks And Business Groups Challenge Fed's Stress Test Rules
The lawsuit follows the
Fed
’s recent announcement to overhaul its
stress
test
regime and seek public input on proposed ...
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