Fed Wants 1st Bank-Run Stress Test Results By July

Law360, New York (May 13, 2013, 7:07 PM EDT) -- The Federal Reserve on Monday gave the 18 largest U.S. bank holding companies until July to hand over the results of their midyear, bank-administered stress tests in order to remain in compliance with the Dodd-Frank Act.

Dodd-Frank mandated that the nation's largest banks undergo tests of their resiliency twice each year. This is the first time that the 18 banks will be required to perform their midyear self assessment, as required by the 2010 financial regulatory overhaul.

“The midyear stress tests mark another important step in...
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