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Federal Reserve proposes more transparency in bank stress tests, but banks still sue

24 December 2024
in Business
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Federal Reserve proposes more transparency in bank stress tests, but banks still sue
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Trade groups representing major U.S. banks have filed a lawsuit in federal court seeking increased transparency in the Federal Reserve’s stress tests post-2008 financial crisis. The Fed has already proposed changes to the annual process, indicating potential adjustments to address the concerns raised by the banking industry. This legal action highlights the ongoing debate over the regulatory framework governing the U.S. banking sector.

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