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US banking lobby sues Federal Reserve over stress test framework

24 December 2024
in Business
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US banking lobby sues Federal Reserve over stress test framework
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US banking lobby groups have filed a lawsuit against the Federal Reserve over stress testing, seeking transparency in the process and models used. The lawsuit aims to push for changes in the stress test framework for large US banks like JPMorgan Chase and Bank of America, with a focus on making results less volatile. The industry groups are calling for more visibility into the Fed’s stress test models and scenarios, and are aiming to have any changes implemented by the 2026 cycle.

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