Fed's Bowman says changes to bank stress test coming soon
Fed regulatory official Bowman said on Friday the Fed’s stress-test overhaul will be more transparent and produce more predictable results for lenders, signaling reforms to the process.
Federal Reserve Vice Chair for Supervision Michelle Bowman said Friday that changes to the US central bank’s stress test for big banks are coming soon, and that the overhaul is intended to make the process more transparent and the results more predictable for lenders. Bowman’s remarks point to reforms long sought by the banking industry for the exam process.