Federal Regulators Finalize Bank Stress Test Rules and Release 'Living Will' Feedback

The Federal Reserve has issued final rules to codify changes to its stress testing framework, aiming to boost transparency and public accountability. Concurrently, the Federal Deposit Insurance Corporation (FDIC) and the Federal Reserve published feedback letters for large banks' resolution plans, known as 'living wills,' identifying no shortcomings or deficiencies in the submissions from 15 banks with over $250 billion in assets.