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Saturday, February 21, 2009

Report: Bank Stress Tests to Start "Soon"

by Calculated Risk on 2/21/2009 06:02:00 PM

From CNBC: Regulators Will Soon Begin Bank Stress Tests

U.S. financial regulators will soon launch a series of "stress tests" to determine which of the largest U.S. banks may need additional capital cushions in the event of a deeper recession, a person familiar with Obama administration plans said Saturday.
Banks are expected to receive additional information about the tests in the coming week from regulators.
I'm surprised that these tests haven't already started. Hopefully Secretary Geithner will provide more details on the stress tests this week.