Big Banks Better Start Studying For This Year’s Stress Tests

This one's gonna be a hoot.

And by studying we mean digging through the couch cushions, because the most powerful man in banking is getting ready to make those stress tests CFA-exam-hard, and you know what that means.

Fed governors Daniel Tarullo and Jerome Powell, in separate public comments on Thursday, said the Fed would require eight of the largest U.S. banks to maintain more equity to pass the central bank’s annual “stress tests.”

“Effectively, this will be a significant increase in capital,” Mr. Tarullo said on Bloomberg television.

Fed Governors Signal Bigger Capital Requirements Looming [WSJ]
The Most Powerful Man in Banking [WSJ]