FDIC rolls out its final stress test plans for banks

10/9/2012 | Hill, The

The Federal Deposit Insurance Corp. announced Tuesday that U.S. banks with assets between $10 billion and $50 billion will have to undergo annual stress tests. The FDIC will give the banks one year to prepare. The Federal Reserve and the Office of the Comptroller of the Currency announced similar efforts. "Stress testing is a key tool to ensure that financial companies have enough capital to weather a severe economic downturn without posing a risk to their communities, other financial institutions, or to the general economy," said Fed Governor Daniel Tarullo.

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Hill, The

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