The Federal Reserve is taking the lead on banks' stress tests and in determining how much new capital each bank needs to weather the downturn, sources said. The move might help ease concerns that different agencies would provide different assessments. Fed examiners and counterparts from other regulatory agencies are deployed on the stress tests. "You could argue this is a systemic-risk issue, and it is good to have another regulator step in and assert a uniform set of standards," said Kevin Fitzsimmons, an analyst at Sandler O'Neill & Partners. "The Fed has its hands on every institution that is a holding company."
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