U.S. will describe stress test methods ahead of results: report
The U.S. will release the methods it used to measure the health of the nation’s 19 largest banks ahead of the release of the results of the so-called “stress tests” which would indicate which banks were in need of further government help, according to a report.
Regulators including the Federal Reserve Bank could release the methods within the next two weeks to boost credibility in the process, people familiar with the matter told Reuters.
Procedures for releasing the information are still being discussed, the report said. The government may suggest that banks release individual statements about the results of their own test, another person familiar with the situation told the news agency.
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