Fed releases 2023 stress test scenarios for banks, including extra new shock for big firms

Kitco Media
By Reuters
Published:
Updated:
Reuters
WASHINGTON, Feb 9 (Reuters) - The U.S. Federal Reserve released on Thursday the hypothetical economic strains they will use to test the strength of big bank finances in its 2023 stress test, and floated the possibility of using multiple scenarios in the future. In a statement, the Fed said this year's test will include a new "exploratory market shock" for the eight largest banks, which will not affect their capital requirements but will further detail their resilience, as well as help the Fed decide if it should pursue multiple test scenarios in future years. (Reporting by Pete Schroeder Editing by Chris Reese)

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