ABA, BPI Statement on Final Stress Testing Rules

The American Bankers Association and Bank Policy Institute issued the following statement today in response to the Federal Reserve’s final stress testing rules:

"Transparency and public input have produced a better stress testing framework that should improve accuracy and allow more thoughtful capital planning at covered banks, with economic benefits to the country.

"The Fed’s decision to re-propose certain pre-provision net revenue models is an example of how opening the process to public comment – as required by the Administrative Procedure Act – is driving better policy. We appreciate that the Fed is taking the time and using an appropriate process to fix flaws in those models identified in the recent comment process.”

To learn more about why stress tests matter, click here.

About American Bankers Association
The American Bankers Association is the voice of the nation’s $26.5 trillion banking industry, which is composed of small, regional and large banks that together employ over 2 million people, safeguard $20.7 trillion in deposits and extend $13.9 trillion in loans.