News and Commentary
The Comptroller of the Currency is implementing a new rule to amend company-run stress testing requirements for financial institutions. The rule revises the minimum threshold for national banks to conduct stress tests from $10 billion to $250 billion.
New Research
Allan Malz has a new article in the Cato Institute’s journal titled Macroprudential Policy, Leverage, and Bailouts which looks at the problems that macroprudential policy faces despite new regulations.
Another publication from the Cato Institute’s Robert Heller looks into the role of the Federal Reserve’s independence related to interest payments on reserves since the 2008 recession.