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For Immediate Release
June 21, 2018
ABA Media Contact: Ian McKendry
(202) 663-5473
Email:
imckendry@aba.com
Follow us on Twitter: @ABABankers

ABA Statement on Today’s Stress Test Results

By Rob Nichols, ABA President and CEO

“The stress test results released today by the Federal Reserve demonstrate that the U.S. banking system remains well capitalized and adequately prepared to weather even a hypothetical global recession.

“We are also encouraged by recent recognition from policymakers that the stress testing framework and the Comprehensive Capital Analysis and Review can be further improved by better tailoring them to fit banks’ business models and activities. Today’s decision by the Federal  Reserve to exclude bank holding companies with less than $100 billion in assets from the supervisory stress test and CCAR is an important step toward tailoring enhanced prudential standards.  The next step is for regulators to provide clarity, consistent with the Economic Growth, Regulatory Reform and Consumer Protection Act, that midsize banks and savings and loan holding companies with less than $50 billion in assets do not need to file their stress testing results in July.  We look forward to working with regulators on these important changes going forward.”
 
The American Bankers Association is the voice of the nation’s $17 trillion banking industry, which is composed of small, midsize, regional and large banks that together employ more than 2 million people, safeguard $13 trillion in deposits and extend nearly $10 trillion in loans.
 
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