IT GRC Forum

FacebookJoin our Linkedin Group!Follow us on Twitter!Subscribe to our Feeds!
Click on the slide!

2016 Data Security Best Practice

Live Webcast!             Join this live event to put your questions to our panel.

Click on the slide!

Taming the Devil in the Data

On-Demand               Play now for this security briefing and Q&A on enterprise data risk management.

Click on the slide!

Managing 3rd Party IT Risks

On-Demand               Play now to learn how to manage third-party risk to strengthen IT vendor governance

Click on the slide!

Realizing SecureData Potential

On-Demand               Play now and learn how to implement best practices for realizing data security…

Frontpage Slideshow (version 2.0.0) - Copyright © 2006-2008 by JoomlaWorks

Tarullo: US banking stress tests may be changed

April 12, 2012 - Stress tests faced by banks in the US could be altered in the near future as the Federal Reserve seeks to improve this process. That is if comments made by Daniel Tarullo, a board member of the Fed, are anything to go by, as he has revealed the body is currently exploring ways in which this method of monitoring the performance of financiers could be enhanced.

During a speech delivered at the Federal Reserve Bank of Chicago, Mr Tarullo - a former government official who took office in January 2009 - indicated that a "one-size-fits-all" approach to these tests is no longer appropriate.

The official went on to say that smaller banks should not be subject to the same assessments as larger financiers and insisted the Fed is now looking to improve its lines of communication with firms.

In addition, stress tests are also likely to start earlier from now on, which will enable the body to "require resubmissions of capital plans in a more timely way".

Comments (0)add comment

Write comment


Subscribe via Email

 Your Email: