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The Federal Reserve left too many questions unanswered and didn’t say enough about required capital levels in its so-called white paper describing the stress tests of U.S. banks, analysts and investors said.
The paper released yesterday, “The Supervisory Capital Assessment Program: Design and Implementation,” reiterated the scenarios for unemployment, economic contraction and home prices that the Fed is assuming in testing the 19 biggest U.S. banks. Analysts said they weren’t given enough new information to help determine which banks may be required to raise additional cash.
“The anticipation over the white paper appears to be much ado about nothing,” said Josh Rosner, an analyst at independent research firm Graham Fisher & Co. in New York. “The most significant numbers provided by the Fed in the paper appear to be the page numbers.” :rolleyes:
Appears to be useless, just like the tests themselves.
Jim
The Federal Reserve left too many questions unanswered and didn’t say enough about required capital levels in its so-called white paper describing the stress tests of U.S. banks, analysts and investors said.
The paper released yesterday, “The Supervisory Capital Assessment Program: Design and Implementation,” reiterated the scenarios for unemployment, economic contraction and home prices that the Fed is assuming in testing the 19 biggest U.S. banks. Analysts said they weren’t given enough new information to help determine which banks may be required to raise additional cash.
“The anticipation over the white paper appears to be much ado about nothing,” said Josh Rosner, an analyst at independent research firm Graham Fisher & Co. in New York. “The most significant numbers provided by the Fed in the paper appear to be the page numbers.” :rolleyes:
Appears to be useless, just like the tests themselves.
Jim