The central bank said it will release the results of the new analysis by the end of 2020. The upcoming test marks an unprecedented second stress test in a year for the Fed, which said the "continued uncertainty" from the pandemic made it necessary to keep testing bank resilience.
WASHINGTON: The U.S. Federal Reserve said on Thursday it would decide by the end of September if it would continue capping bank dividend payments and laid out two hypothetical severe recessions it will use to test further big bank resilience amid the coronavirus pandemic.
The central bank said it will release the results of the new analysis by the end of 2020. The upcoming test marks an unprecedented second stress test in a year for the Fed, which said the "continued uncertainty" from the pandemic made it necessary to keep testing bank resilience.
Limited time offer:
Just RM5 per month.
