The Federal Reserve agreed to give big banks more time to weigh in on parts of a proposal to improve stress-test models for large financial institutions.
In a statementFriday, the central bank said it would extend the deadline by a month to Feb. 21 for public comments on a proposal to improve stress-test model and scenario transparency and accountability. Comments on the proposed 2026 stress test scenarios are still due Dec. 1, the Fed said.
Annual stress-test exams were imposed after the 2008 financial crisis to strengthen banks against future economic shocks and are designed to gauge how lenders ...