US Treasury stance on CCAR a return to ‘bad old days’
Overhaul would kill test failed by eight banks in past three years
A recommendation by the US Department of the Treasury to water down the Federal Reserve’s annual stress-testing programme would return bank oversight to the “bad old days” when the supervisor had less power to force banks to improve their risk management, critics warn.
The recommendation – contained in a 148-page report on regulatory reforms to the US financial system sought by President Donald Trump’s administration – would have the Fed conduct its Comprehensive Capital Analysis and Review
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