Stress tests could be watered down in Dodd-Frank shake up

whatsapp Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeEveryday WellnessWhat Happens To Your Body When You Eat Two Bananas A DayEveryday WellnessUndoSurfsharkProtect your digital life with an award-winning VPN, clickSurfsharkUndoFather's Day CollectionPrepare Fantastic Father’s Day Gifts Before They Sell OutFather’s Day CollectionUndotibgez10 Signs & Symptoms of Lewy Body DementiatibgezUndoSoGoodlyThey Were Named The Most Beautiful Twins In The World, Wait Till You See Them TodaySoGoodlyUndogo.dailystocktraders.comThis Secret IRS Loophole May Change Your Lifego.dailystocktraders.comUndoReady to Move Flats | Search AdsReady to Move Flats in Scottsdale Might Surprise YouReady to Move Flats | Search AdsUndoStadium TalkWorst Quarterback of All Time for Every NFL TeamStadium TalkUndoHollywood TaleHere’s How Much Megyn Kelly Earns Every Year From HostingHollywood TaleUndo Read This Next’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe WrapRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe Wrap’Drake & Josh’ Star Drake Bell Pleads Guilty to Attempted ChildThe WrapIf You’re Losing Hair in This Specific Spot, It Might Be a Thyroid IssueVegamourTop 5 Tips If You’re Losing Your EyebrowsVegamourWhat Causes Hair Loss? Every Trigger ExplainedVegamourSmoking and Hair Loss: Are They Connected?VegamourRick Leventhal to Exit Fox News Just as His Wife Kelly Leaves ‘RealThe WrapThis Is How Often You Should Cut Your HairVegamour The days of US stress tests for banks in their current guise could be numbered as Donald Trump and his team dismantle the Dodd-Frank rules.The President signed an executive order earlier this month to review the 2010 Dodd-Frank financial regulations.  Now, a leaked memo from House Financial Services Committee chairman Jeb Hensarling, which has been seen by Bloomberg, has revealed that stress tests are in the crosshairs and a draft version of the legislation to make the changes possible could be published in the coming weeks.Read more: Goldman Sachs is shifting a London hedge fund team to New YorkAccording to the memo, banks may only be subjected to US stress tests every other year, as opposed to every year as they are at the moment, while some lenders could be exempted entirely if they agree to dramatically increase their capital.The proposals would also scrap the so-called qualitative test element, which reviews banks’ plans for managing capital and risk and is thought to be one of the toughest parts of the testing. The Federal Reserve’s yearly stress tests are designed to measure banks’ financial health, and aim to ascertain whether lenders have enough capital to survive a sharp financial downturn. Hayley Kirton Read more: Arrivederci: Barclays ditches more of its Italian non-core assetsMeanwhile, Hensarling’s memo also revealed a planned crackdown on the powers of the Consumer Financial Protection Bureau.Any changes will need to be passed into law before they can take effect, so there is no certainty any of the proposals will become a reality.  Share Stress tests could be watered down in Dodd-Frank shake up whatsapp Thursday 9 February 2017 7:42 pm

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