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Article: FDIC Plan For Stress Tests Gives Some Pause: Is agency straying into turf that belongs to primary regulators?(The Federal Deposit Insurance Corp.)
- Article from:
- American Banker
- Article date:
- February 16, 2007
- Author:
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WASHINGTON -- The Federal Deposit Insurance Corp., fresh off of its revamp of the premium system last fall, released new guidelines Thursday to adjust what large banks are charged.
Industry representatives questioned whether the agency would be encroaching on primary regulators' turf. They said they are particularly wary of a plan to measure how large banks would fare under an economic stress test.
"Stress testing is going to be a big issue. How do you objectively measure what that means for losses to the FDIC?" James Chessen, the chief economist for the American Bankers Association, said after the FDIC board put the guidelines out for a 30-day comment ...