$100 Billion US banks taking on the Fed and its stress tests

Bank trade groups filed suit against the Federal Reserve, arguing that its annual stress-testing process violates the principles of the Administrative Procedure Act.

The so-called Basel 3 Endgame aimed at completing the post-crisis framework that capital conservation buffers operate in was first watered down and then left in limbo 

when its steward, Fed Vice-Chair Michael Barr, announced this month that he would step down. 

Marc Rubinstein Bloomberg 23 January 2025

https://www.bloomberg.com/opinion/articles/2025-01-23/the-100-billion-court-challenge-for-goldman-and-friends










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