Fed’s Quarles: Fed is working on new stress-test approach for mid-sized banks

Eren Sengezer FXStreet

In his testimony before the Senate Banking Committee on Tuesday, Randal Quarles, Federal Reserve board member and Vice Chair for Supervision, said that the Fed was working on a new stress-test approach for mid-sized banks.

Key quotes

Fed plans to propose stress-test revisions very soon.
Revisions to impact banks with $100-250 bln of assets.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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