According to Deep Tide TechFlow, on December 24, informed sources revealed that several large banks plan to sue the Federal Reserve over the annual bank stress tests, with a lawsuit expected to be filed this week, possibly as early as Tuesday morning local time.
In a statement on Monday, the Federal Reserve announced plans to adjust the bank stress tests but did not provide specific details. These adjustments may not be enough to alleviate banks' concerns about heavy capital requirements.
Greg Bell, CEO of the Bank Policy Institute (BPI), welcomed the Federal Reserve's statement but also hinted at the possibility of further action to ensure legitimate and policy-compliant reforms.
