Big banks sue Federal Reserve over stress tests

Banks Sue Federal Reserve Over ‘Lack of Transparency’ in Stress Testing
The Fed on Monday said it planned to overhaul the stress test regime for banks and planned to seek public comment on planned changes.
Federal Reserve Faces Lawsuit from Big Banks, Business Groups: What to Know
A lawsuit was filed against the Federal Reserve on Tuesday about the stress test and its lack of transparency.
Banks sue Fed over stress tests
The Bank Policy Institute, the American Bankers Association and others said proposed changes would address "some if not all" of banks' concerns about stress tests, but they are filing the lawsuit to preserve their legal right to do so.
Banks Sue Fed in Challenge to How Stress Tests Are Conducted
The Federal Reserve doesn’t allow for appropriate public input when designing bank stress tests, bank trade groups said in a lawsuit seeking to force the central bank to open the design of the tests to public comment.
Fed to consider changes to stress testing
The Federal Reserve will seek comment on their current stress-testing regime with an eye toward increasing transparency and reducing volatility. Modifications would not go into effect until at least 2026.
Big banks, business groups sue US Fed over annual stress tests
Major banks and business groups sued the Federal Reserve on Tuesday, alleging the U.S. central bank's annual "stress tests" of Wall Street firms violate the law.
Banks sue Federal Reserve in challenge to stress tests
Results of the Fed’s stress tests can have a major impact on bank finances. The Fed uses results to set stress capital buffers mandated to protect against financial shocks. The central bank can also reject stock buybacks and dividend payments for banks that perform poorly on tests.
Why JPMorgan and Citigroup are suing US Federal Reserve
Several leading US banks and business associations have sued the US Federal Reserve, contesting the existing annual bank stress test processes. The Bank Policy Institute (BPI), which represents leading financial institutions including Citigroup,
Fed to Seek Public Comment on Bank Stress Test Process
The Federal Reserve says it wants to improve its process for stress testing banks' recession resilience and is aiming to seek public comment on planned changes early next yea
US Banks Sue Fed Over 'Opaque' Stress Tests
A business coalition led by large US banks filed suit Tuesday against the Federal Reserve, criticizing the central bank's annual stress test implementation as "opaque" and detrimental to economic growth.
Bank Groups Sue Fed Over Stress Tests, Citing Impact on Capital
Banking and business groups sued the Federal Reserve over the central bank’s annual stress tests, saying they’re seeking more transparency in how the rules are adopted.
Opinion
The Fed Gets Its Own Stress Test
Under a lawsuit threat, the bank regulator agrees to change its bank capital tests.
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Lobby Representing JPMorgan, Goldman Sachs and Others Sue Federal Reserve Alleging ‘Stress Tests’ Violate Law
The Federal Reserve is being sued by several groups representing America's biggest banks on allegations that the Fed's annual ...