Ryan Tracy
speaker
141 appearances
3 recordings
1 series
first heard Jun 2018
last heard Nov 2018
Ryan Tracy’s voice in public audio — every appearance, attributed to the second.
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Appearances
Are the regulatory changes that the Fed is making simply turning down the volume from 100% to 90% and giving the banks a little bit more leeway so that the rules and the system is operating more efficiently?
Or is the Fed making changes that you could drive a truck through and that are going to lead to the kind of risk-taking that lead to another financial crisis?
And that's the balance that the Fed's trying to strike.
That's why the fine print of these rules is going to matter so much.
So we could see some rules published by the Fed in the next few months before the end of this year that could address a lot of this.
And it remains to be seen when they would actually take effect and how long it will take for the banks to be able to start feeling some of these changes.
But what we know is that the Fed's putting pen to paper, and we should start to see some of the details coming out the next few months.
Thank you.
The stress tests were invented after the recession as a way of examining whether banks could go through a significant downturn in the economy and continue lending, continue doing what banks do without requiring some sort of taxpayer bailout.
The tests have become more and more important as they've become more and more central to the way that the Federal Reserve examined banks.
So each year the Fed will reveal these results looking at how banks perform under a hypothetical scenario.
scenario.
And based on those results, the banks pass or fail the tests and failures can have some negative consequences for the banks.
And so for bank investors and for just regular old citizens who care about this stuff, this can be a very important day.
Yeah, usually there's about 30, between 30 and 40 banks taking them every year.
These are mostly the largest banks in the United States.
And generally, the vast majority of them pass with a couple of exceptions.
And that reflects two things.
One, that after the recession, banks have really built up their capital levels.
So when they go through this hypothetical doomsday scenario, they do better than they maybe would have in 2007.
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