Wednesday
Jul222009
Financial Stress Tests Successful, Says Bernanke
Federal Reserve Chairman Ben Bernake explains what is now known as the stress test, or Supervisory Capital Assessment Program (SCAP). He says the test determines the capital needs of the largest financial institutions. He notes that the majority of institutions that received the assessment have raised equity in public markets, and 10 of the largest U.S. bank holding companies have repaid almost $70 billion to the Treasury. (0:35)
Listen
Listen
Reader Comments