Fed lays out new stress-tests for US banks | Bangkok Post: news

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Fed lays out new stress-tests for US banks

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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.

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