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Fed Directs Big Banks To Include New Capital Rules In Stress Tests

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Mani
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The Federal Reserve wants big banks to incorporate new Basel III rules into their annual stress tests starting this year.

Fed Directs Big Banks To Include New Capital Rules In Stress Tests

As reported earlier, top U.S. banks are required to hold twice as much equity capital as required under a new rule launched by U.S. regulators on July 9. The rules are intended to protect taxpayers from any future costly bailouts.

Rules will apply to large banks

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Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports