stress tests

House lawmakers press Powell on CRA, climate change, stress tests


Federal Reserve Chair Jerome Powell reaffirmed his agency’s skepticism of a Community Reinvestment Act plan proposed by other regulators, and said the Fed has an important role to ensure banks “are resilient against the longer-term risks from climate change.”


Fed releases scenarios for 2020 stress testing cycle


The Federal Reserve on Thursday released the 2020 stress testing scenarios that it will use to evaluate the safety and soundness of 34 banks with more than $100 billion of total assets.


Wells paying up to recruit brokers; Will JPM’s stock buybacks slow?


The bank is offering big bonuses to hire new financial advisors; recent share repurchases have raised the cost of future rebuys.


Will climate change spur crisis?; OCC, FDIC go it alone on CRA overhaul


Bank for International Settlements report says central banks don't have tools to handle climate change; banks could face different CRA rules.


Warren presses big-bank CEOs on climate change policies


The Massachusetts senator and presidential contender sent a letter to eight of the biggest U.S. banks asking about how they assess climate-related risks to assets and how they plan to mitigate social and economic fallout.


Fed's Quarles details his ideal approach to bank supervision


The central bank’s top regulatory official laid out a comprehensive set of proposals to update how the agency supervises banks — particularly large institutions — with an eye toward improving transparency.


Will Fed's simpler capital regime be ready before next stress tests?


The central bank is aiming to finish a rule creating a streamlined capital buffer ahead of the upcoming round of stress testing, but industry experts say that timeline may be too ambitious.


Fed could write a new chapter on bank supervision in 2020


With adjustments to the post-crisis regulatory framework now complete, the Federal Reserve may begin the decade year with a focus on supervisory and examination processes.


U.K. banks to undergo stress tests for climate change


The Bank of England will examine banks' and insurers' exposure to global warming and risks associated with any transition to a lower-carbon economy.


Six living wills have ‘shortcomings’; PE firms buy stake in Amex unit


Regulators said the living wills of six banks — not Goldman or JPM — need tweaking; the investment values the global business travel unit at $5 billion.