The Traderszone Network

Published in TZ Latest News 4 February, 2016 by The TZ Newswire Staff

Fed official backs tougher bank stress tests

The United States adopted both stress tests and capital surcharges for banks in the wake of the 2007-2009 financial crisis, when U.S. investment bank Lehman Brothers collapsed and set off a deep global recession. Boston Fed President Eric Rosengren, among the U.S. central bank’s more influential regulators, said those changes have significantly reduced the likelihood that so-called systemically important financial firms would fail.