On the recordFebruary 23, 2009
So the purpose of the test is to try to ensure that even in a bad scenario, banks will have enough capital.
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congress.govSo the purpose of the test is to try to ensure that even in a bad scenario, banks will have enough capital.
Explaining the purpose of the stress test for banks.
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We want to deploy it in ways that have the greatest benefit for the least cost.
Congress sets the mandate for the Federal Reserve, and so Congress has the right to set the mandate of course any way it likes.