Fed's Bowman: bank stress-test overhaul to be more transparent
Bowman said the Fed will soon finalize reforms to big-bank stress tests to improve transparency and make results more predictable for lenders.
The Federal Reserve's top regulatory official said on Friday the US central bank will soon finalize an overhaul of its "stress test" of big banks to make the process more transparent and the results more predictable for lenders, a change long sought by the industry.