American banks pass stress tests without objections for the first time in 7 years
2017/06/29 | 09:10
(Encyclopedia of this Day News | Iraq News ) - Live: The Federal Reserve announced the approval of the capital plans for 34 banks in the United States, without giving any objection for the first time seven years ago, in the second test of the financial bear.
He said a member of the Federal Reserve, "Jerome Powell" in a statement on Wednesday that all banks have passed the second tests to withstand economic shocks, the Fed did not object to any of the capital plans for banks for the first time 7 years ago.
He explained, "Jerome Powell" that "stress test" process pushed all the major banks to achieve capital sound capital levels, and improve capital planning processes considerably.
The Fed gave the opportunity to the Bank "Capital One" until 28 December to submit his new plan, while addressing "weaknesses in capital planning process."
It reflects the annual test "to carry" for US banks' ability to cope with strong sudden crises that possible be exposed to a large economy such as high unemployment rates, and began to be implemented after the global financial crisis.
The 34 largest banks in the United States has passed the first test to withstand economic shocks during the year 2017, with the bank appended to the "Morgan Stanley" list of financial leverage.