Fed amends stress test due to COVID-19 | Auto Finance News | Auto Finance News

Fed amends stress test due to COVID-19

Photographer: Andrew Harrer/Bloomberg

COVID-19 is changing the Federal Reserve’s oversight of banks, Randal Quarles, vice chairman of supervision at the central bank, said at a Women in Housing event in Washington, D.C., on June 19. Specifically, the Fed is adding three new scenarios to better reflect the economic fallout of the coronavirus pandemic and the path to recovery. […]

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