Federal Reserve Vice Chair For Supervision Michael Barr Says A Single Stress Test Scenario Cannot Capture All 'plausible Risks' Faced By Large Banks; Fed Developing Additional Scenarios For The 2024 Stress Tests For Large Banks
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve Vice Chair for Supervision, Michael Barr, has stated that a single stress test scenario cannot capture all 'plausible risks' faced by large banks. The Fed is developing additional scenarios for the 2024 stress tests for large banks.
October 19, 2023 | 5:32 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
The Federal Reserve's decision to develop additional stress test scenarios could impact KBE, an ETF that tracks large US banks.
The Federal Reserve's decision to develop additional stress test scenarios could lead to increased regulatory scrutiny for large banks, potentially affecting their performance. As KBE tracks these banks, it could be impacted.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
The Federal Reserve's decision to develop additional stress test scenarios could impact KRE, an ETF that tracks regional US banks.
The Federal Reserve's decision to develop additional stress test scenarios could lead to increased regulatory scrutiny for banks, potentially affecting their performance. As KRE tracks these banks, it could be impacted.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 60
NEUTRAL IMPACT
The Federal Reserve's decision to develop additional stress test scenarios could have a minor impact on SPY, an ETF that tracks the S&P 500.
The Federal Reserve's decision to develop additional stress test scenarios could lead to increased regulatory scrutiny for banks, potentially affecting the broader market. As SPY tracks the S&P 500, it could be slightly impacted.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 40
NEUTRAL IMPACT
The Federal Reserve's decision to develop additional stress test scenarios could impact XLF, an ETF that tracks the financial sector.
The Federal Reserve's decision to develop additional stress test scenarios could lead to increased regulatory scrutiny for banks, potentially affecting their performance. As XLF tracks the financial sector, it could be impacted.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90