Takeaways from Senate Hearing on Recent Bank Failures and the Potential Effects of AI on Economic Growth/Productivity
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Today the US Senate Banking Committee held a hearing about recent bank failures with regulators from the Federal Reserve. Here were the highlights from the 2.5-hour hearing. The Fed’s stress test, which is an analysis conducted under hypothetical scenarios designed to determine whether a bank has enough capital to withstand a negative economic shock, will be enhanced to ‘uncover a variety of channels of contagion’.
Takeaways from Senate Hearing on Recent Bank Failures and the Potential Effects of AI on Economic Growth/Productivity
Takeaways from Senate Hearing on Recent Bank…
Takeaways from Senate Hearing on Recent Bank Failures and the Potential Effects of AI on Economic Growth/Productivity
Today the US Senate Banking Committee held a hearing about recent bank failures with regulators from the Federal Reserve. Here were the highlights from the 2.5-hour hearing. The Fed’s stress test, which is an analysis conducted under hypothetical scenarios designed to determine whether a bank has enough capital to withstand a negative economic shock, will be enhanced to ‘uncover a variety of channels of contagion’.