ja_mageia

Financial Regulatory Reform

Tagline

By Administrator

New Rules of the Road for the Financial Sector  

More...
Global Engagement

Tagline

By Administrator

America's economic prosperity depends on active engagement with the global economy.

More...
Competitive Tax Rates

Tagline

By Administrator

Competitive tax rates fuel economic growth and job creation.

More...
Engagement with China

Tagline

By Administrator

The U.S.-China economic relationship is the most important bilateral relationship in the world today.  

More...
Economic Value of Large Financial Institutions

Tagline

By Administrator

Large financial institutions provide significant value to the U.S. economy and American investors, business owners, and savers.

More...
Frontpage Slideshow | Copyright © 2006-2012 JoomlaWorks Ltd.
  • Narrow screen resolution
  • Wide screen resolution
  • Decrease font size
  • Default font size
  • Increase font size

Analysts respond to stress test results

Yesterday the Federal Reserve released the results of the Comprehensive Capital Analysis and Review, also known as a bank "stress test." Here is what people are saying about the results:

  • "We’re talking about a practically apocalyptic economic scenario and the banks are still standing." Paul Ashworth, Chief U.S. Economist, Capital Economics (Wall Street Journal)
  • "It's clearly good news the U.S. banking system can now withstand a quite severe recession without falling over." Douglas Elliott, Fellow, Brookings Institution (CNBC)
  • "When you put banks under the kind of dramatic scenarios that the Fed did and they are still doing well it tells you how well capitalized the majority of the banks are coming out of this downturn." Michael Scanlon, Senior Equity Analyst, Manulife Asset Management (New York Times)
  • "Any bank that remains adequately capitalized under these acute stress scenarios is not just strong but also darn-near impregnable." Karen Shaw Petrou, Managing Partner, Federal Financial Analytics (Bloomberg)
  • "The strength of the U.S. banking system" is illustrated through "this very onerous stress test." Gerard Cassidy, Analyst, RBC Capital Markets (USA Today)
  • Banks are "much better capitalized" and "understand their balance sheet and loan portfolio much better." Paul Miller, Analyst, FBR Capital Markets and Former Examiner, Federal Reserve Bank of Philadelphia (Businessweek)
  • Banks "have sufficient capital to weather a severe storm." Ernest Patrikis, Partner, White & Case LLP and former general counsel at the Federal Reserve Bank of New York (Businessweek)
  • "American banks are healthier and have ample capital when compared with their European counterparts. They are in better conditions than where they were four years ago." Stephen Wood, Chief Market Strategist, Russell Investments (CNBC)

Company logos

The Financial Services Forum is a non-partisan financial and economic policy organization comprising the CEOs of 18 of the largest and most diversified financial services institutions doing business in the United States.

The purpose of the Forum is to pursue policies that encourage savings and investment, promote an open and competitive global marketplace, and ensure the opportunity of people everywhere to participate fully and productively in the 21st-century global economy.

Welcome to ForumBlog. This is where our policy team analyzes the latest proposals, ideas, and news surrounding financial sector regulatory reform, trade, and the economy. Our goal is to provide thoughtful insights on the issues impacting the intersection of Wall Street and Washington, as we pursue policies that encourage savings and investment, promote an open and competitive global marketplace, and ensure the opportunity of people everywhere to participate fully and productively in the 21st-century global economy.