Banks and Business Groups File Legal Challenge Against Federal Reserve Over Flawed Stress Testing Framework
December 25, 2024
December 25, 2024
WASHINGTON, Dec. 25 -- The Bank Policy Institute issued the following news release:
The Bank Policy Institute, along with the American Bankers Association, the U.S. Chamber of Commerce, the Ohio Bankers League and the Ohio Chamber of Commerce today announced that they are filing litigation against the Federal Reserve, challenging the opaque aspects of the stress testing framework. While stress testing is an important risk management tool for banks and supervisors that helps ensure t . . .
The Bank Policy Institute, along with the American Bankers Association, the U.S. Chamber of Commerce, the Ohio Bankers League and the Ohio Chamber of Commerce today announced that they are filing litigation against the Federal Reserve, challenging the opaque aspects of the stress testing framework. While stress testing is an important risk management tool for banks and supervisors that helps ensure t . . .