US considering making bank 'stress tests' public: report - Hindustan Times
close_game
close_game

US considering making bank 'stress tests' public: report

AFP | By, Washington
Apr 15, 2009 02:32 PM IST

The US could reveal details about the health of its top 19 banks in a bid to reassure investors about the state of the ailing sector, local media reported on Wednesday.

The US could reveal details about the health of its top 19 banks in a bid to reassure investors about the state of the ailing sector, local media reported on Wednesday.

HT Image
HT Image

The New York Times, quoting unnamed senior officials, said the administration of President Barack Obama was considering publishing the results of its analysis of individual banks, known as its "stress-tests." "It's becoming clearer that we and the banks are going to have to explain clearly where each bank falls in the spectrum," the paper quoted an official saying.

Hindustan Times - your fastest source for breaking news! Read now.

To date Washington has been reticent about publishing details of its analysis, fearing frankness would spark a run on banks deemed to have faired poorly compared to competitors.

The Federal Reserve had asked banks not to discuss the tests during earnings season, for fear of destabilizing markets.But with rumors swirling about the health of the some of the country's top financial firms, some are now advocating greater candor.

The information that may now be disclosed includes the size of potential loses.

Unlock a world of Benefits with HT! From insightful newsletters to real-time news alerts and a personalized news feed – it's all here, just a click away!- Login Now!
Stay informed on Business News along with Gold Rates Today, India News and other related updates on Hindustan Times Website and APPs
SHARE THIS ARTICLE ON
Share this article
SHARE
Story Saved
Live Score
OPEN APP
Saved Articles
Following
My Reads
Sign out
New Delhi 0C
Thursday, March 28, 2024
Start 14 Days Free Trial Subscribe Now
Follow Us On