Fed Urged To Implement Better Stress Test Coordination

Law360, New York (May 8, 2012, 7:07 PM EDT) -- A financial regulatory policy think tank on Monday called on the Federal Reserve to better coordinate its proposed stress test rules required under the Dodd-Frank Act with other regulators, including the Federal Deposit Insurance Corp., and with its existing stress testing procedures.

In a wide-ranging comment letter relating to the Fed's proposal to implement stricter risk standards and early remediation requirements, the Committee on Capital Markets Regulation said that the FDIC and the Office of the Comptroller of the Currency already have their own stress test...
To view the full article, register now.