The US Federal Reserve announced new rounds of stress-tests for big American banks on Tuesday, part of efforts to end the excessive risk-taking that led Wall Street to near-collapse in 2008.
US Federal Reserve chief Ben Bernanke speaks at a news conference in September. The US Federal Reserve announced fresh stress-tests on big American banks in the coming months.
A first round will be conducted in the coming months under the control of the central bank, followed by a second round by the banks themselves using scenarios set by the Fed, it said in a statement.
This article is older than 60 days, which we reserve for our premium members only.You can subscribe to our premium member subscription, here.