Fed Governor Says Bank Stress Tests Will Change

Law360, New York (April 10, 2012, 5:20 PM EDT) -- A Federal Reserve governor said Tuesday that the central bank will take steps to modify how it conducts annual stress tests that measure banks' ability to withstand a financial downturn, saying a "one-size-fits-all approach” isn't appropriate.

In prepared remarks for a speech at the Federal Reserve Bank of Chicago, Fed governor Daniel Tarullo said the central bank has already decided on some changes for its 2013 Comprehensive Capital Analysis and Review, changes that include beginning the analysis of bank data earlier than in previous years, thereby...
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