While the results of Federal Reserve stress tests released in March demonstrated a significant improvement in the largest U.S. banks' capital levels since the financial crisis, Fed Governor Daniel Tarullo says most banks still need to improve their capital planning. "[T]here appears to be room for improvement at virtually every firm, and at some firms the amount of work needed is still significant," Mr. Tarullo said. "This will remain a major focus of supervisory efforts."

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