The US Federal Reserve will proceed with 2020 bank stress tests and conduct additional "sensitivity analyses" to reflect "current economic and banking conditions," Reuters reported on Friday.
The Fed further noted that it has deferred or cancelled "non-critical" examinations at banks and instead will focus primarily on monitoring bank activities due to pandemic.
This headline was largely ignored by the market participants. As of writing, the S&P 500 Financials Index was up 1.7% on the day at 368 points.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.