The Federal Reserve plans to broaden its plan to ease stress tests for the nation’s largest banks with a revised proposal that could reduce the chance banks fail the annual assessments. Fed Vice Chairman of Supervision Randal Quarles in a Friday speech said the agency was considering changes to an existing plan to revamp the… Continue reading Fed to Further Overhaul Bank Stress-Testing Regime
Tag: too-big-to-fail
U.S. Regulators Rescind Federal Oversight of Prudential Financial
U.S. regulators removed federal oversight of Prudential Financial Inc., granting the firm a victory after a yearslong effort to convince officials that it didn’t deserve tighter scrutiny from Washington. The Financial Stability Oversight Council unanimously rescinded Prudential’s designation as a “systemically important financial institution,” a label that comes with tighter scrutiny from the Federal Reserve.… Continue reading U.S. Regulators Rescind Federal Oversight of Prudential Financial