Fed's Yellen: 2017 stress tests will have extra info on how Fed conducts qualitative part of test

Eren Sengezer FXStreet

In a letter to Lawmakers, the Federal Reserve Chairwoman Janet Yellen said that this year's stress tests will have extra information on how the Fed conducts qualitative part of the test.

Key quotes (via Reuters)

Will give specific examples from past years' problems in firms' capital planning practices
Fed will commit to release CCAR instructions at the same time as supervisory scenarios by Feb 15
Would be concerned about releasing all details on the CCAR models to banks

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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