From: Barbara Hagenbaugh <bhagenbaugh@fsforum.com>
Date: Wed, Feb 5, 2025, 5:53 PM
Subject: Financial Services Forum Statement on 2025 Stress Test Scenarios
To: Gunnar Larson <G@xny.io>
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“The nation’s largest banks are strong, well-capitalized, and play a crucial role in the economy.” 
Financial Services Forum Statement on 2025 Stress Test Scenarios“The nation’s largest banks are strong, well-capitalized, and play a crucial role in the economy.” Washington, D.C. – Financial Services Forum President and CEO Kevin Fromer issued the following statement today after the Federal Reserve released the scenarios for its annual bank stress tests: “The nation’s largest banks are strong, well-capitalized, and play a crucial role in supporting American households and businesses, even amidst significant economic challenges. Various hypothetical stress tests, along with the real-life stress tests of the pandemic and the 2023 banking turmoil, demonstrated that the largest U.S. banks can and do serve as a stronghold for the economy and the financial sector. “Forum members have more than tripled their capital levels over the past 15 years. The stress test scenarios released today reflect a continuation of the highly rigorous standards applied to the largest banks since 2009. “We appreciate the Federal Reserve's reaffirmation today that it will take steps to establish the same transparency and public accountability in the stress tests that are provided for all other capital requirements. These and other changes would decrease volatility and foster the ability of consumers and businesses to borrow and engage in other banking activities, supporting the economy.” Please review related content from the Forum on stress testing.        |
