Stay updated with breaking news from Danielk tarullo. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Remarks By Assistant Secretary for Financial Institutions Graham Steele at the Americans for Financial Reform Education Fund marketswired.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from marketswired.com Daily Mail and Mail on Sunday newspapers.
Stress testing involves simulated scenarios to determine how well banks, investment portfolios, and whole economies fare under adverse conditions. ....
<p><span>When I joined the Board of Governors as Vice Chair for Supervision in the fall of 2017, the Federal Reserve was in the latter stages of a decade-long effort to build a new financial regulatory framework, responding to the financial crisis of 2008. Yet, although the mortar was not yet dry on that construction project—based on the blueprint created by Congress, central banks, and supervisors around the world—there was already broad recognition across the political spectrum that the framework could be improved upon, based on the experience of how it had worked over the decade of its implementation. That was the judgement of the authors of the post-crisis blueprint, former Senator Chris Dodd and former Congressman Barney Frank.</span><span> It was also the recommendation of one of my predecessors at the Fed, Dan Tarullo—a principal architect of this framework—who, in his final speech as a Fed governor, propos ....