Feds Want Detailed Data From Midsize Bank Stress Tests

Law360, New York (July 30, 2013, 5:15 PM EDT) -- Federal regulators said midsize banks should be prepared to test how their complete operations would withstand a common stress scenario using detailed data when they conduct their own stress tests in proposed guidance issued Tuesday.

The Federal Reserve, the Federal Deposit Insurance Corp. and the Office of the Comptroller of the Currency said that banks with between $10 billion and $50 billion in total consolidated assets must be prepared to determine the level of losses they would incur under stressed scenarios provided by the regulators, including...
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