The Federal Reserve Board said that eighteen of the largest U.S. bank holding companies will release partial results of their midyear stress tests to regulators on July 5.
"The midyear test marks another important step in the Federal Reserve's work in ensuring that large financial firms have robust capital planning processes and adequate capital so they can continue to lend to households and businesses even during adverse economic and financial circumstances," the Fed said.
According to a press release from the Fed, large banks are required to develop their own internal stress test exercise with baseline, adverse and severely adverse scenarios under the Dodd-Frank Act.
Banks were subject to two rounds of stress testing designed by regulators earlier this year. The testing included an annual stress test exercise known as the comprehensive capital analysis review and the Dodd-Frank mandated stress tests.
For the full piece see "Eighteen Firms Will Submit Bank-Led Stress Test Results" (may require subscription).