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Stress Tests for the Big Banks

Written by David Mitchell|Wednesday, 23 November 2011 07:19

Federal Reserve is planning stress tests for all the big banks to calculate their soundness and tests to determine whether they are sound enough to raise their stock dividends or buy back shares or not.

In the second year the reviews have quickly become an important tool to help regulators assess the condition of the banks and restore confidence in the financial system. The test have been divided according to the strongest banks, like JPMorgan Chase and Goldman Sachs and the weaker institutions, like Bank of America, the stronger ones were permitted to start increasing their dividends and repurchase billions of dollars' worth of shares this spring last year but the weaker ones were not allowed and their requests were declined.

Twists in the Tests
This time, a few new twists are planned. Unlike the previous exams, which focused on financial conditions in the United States, the new tests will require several of the big banks.

The latest round of tests will give those banks another chance to convince regulators that they have regained their footing and can weather a range of unexpected financial shocks. Banks will have to complete the exams and make any requests to return capital to shareholders by Jan. 9. The Fed is expected to announce its decisions on those plans by early March.

For more details of the plan visit:

http://www.nytimes.com/2011/11/23/business/number-of-at-risk-banks-declines.html

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