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Fed’s Quarles On Tailored Regulation, Stress Tests

Fed’s Quarles On Tailored Regulation, Stress Tests

Randal Quarles, the head of banking supervision at the Fed would like to further tailor banking regulation and simplify stress testing regime, easing obligations for even large banks. Quarles said the changes could be enacted before next year’s stress tests, and noted that tests of whether big banks can withstand a future economic shock need to be more predictable and easier for firms to pass. “Like a teacher, we don’t want banks to fail; we want them to learn.”

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