Friday, February 27, 2009

The Stress Test Schedule

by Bill McBride on 2/27/2009 12:05:00 PM

It has been widely reported that the stress tests will be completed "no later than the end of April", based on this FAQ:

Q10: When will the process be completed?

A: The Federal supervisory agencies will conclude their work as soon as possible, but no later than the end of April.
Just to let everyone know, I've heard the banks have been told to submit their stress test results by Wednesday March 11th. Too bad the results will not be made public.

UPDATE: Questions from a reader:
  • The Fed published macroeconomic assumptions for the US. What about international markets?

  • Should the banks assume mark-to-market accounting will stay or will be repealed?

  • Should the banks still assume that in 2010 they will have to bring off-balance sheet exposures back on their books?
  • Just to repeat the first question: With all that is happening in Asia and Europe (especially the exposure to Eastern Europe and other emerging markets), what are the macro assumptions for these markets? I'm sure other readers have excellent questions too.