June 22, 2017

,

FSR: Stress Test Results Reflect Strong Banking Sector; Regulatory Tailoring Needed to Boost Economic Growth

As policymakers look to safely boost economic growth and modernize financial regulations, now is the time to move forward with Treasury’s recent recommendation to tailor the threshold for Enhanced Prudential Standards to reflect risk instead of arbitrary asset thresholds.

FSR: Stress Test Results Reflect Strong Banking Sector; Regulatory Tailoring Needed to Boost Economic Growth
Share This

FSR: Stress Test Results Reflect Strong Banking Sector; Regulatory Tailoring Needed to Boost Economic Growth

 

WASHINGTON – Following today’s release of the stress test results from the Federal Reserve Board, the Financial Services Roundtable (FSR) released the following statement:

“Today’s stress test results reflect the strength of America’s banks and the high capital levels they continue to hold,” said Rich Foster, FSR’s Senior Vice President and Senior Counsel for Regulatory and Legal Affairs. “As policymakers look to safely boost economic growth and modernize financial regulations, now is the time to move forward with Treasury’s recent recommendation to tailor the threshold for Enhanced Prudential Standards to reflect risk instead of arbitrary asset thresholds.”

Yesterday, FSR hosted Congressman Luetkemyer and Counselor to the Treasury Secretary, Craig Phillips, to discuss Treasury’s first Executive Order Report and regulatory tailoring. To watch, click here.

 

###

About The Author

The Financial Services Roundtable represents the largest integrated financial services companies providing banking, insurance, payment and investment products and services to the American consumer. Member companies participate through the Chief Executive Officer and other senior executives nominated by the CEO. FSR member companies provide fuel for America’s economic engine, accounting for $92.7 trillion in managed assets, $1.2 trillion in revenue, and 2.3 million jobs.

Follow @FSR