Fed’s Quarles: Fed is working on new stress-test approach for mid-sized banks

In his testimony before the Senate Banking Committee on Tuesday, Randal Quarles, Federal Reserve board member and Vice Chair for Supervision, said that the Fed was working on a new stress-test approach for mid-sized banks.

Key quotes

• Fed plans to propose stress-test revisions very soon.
• Revisions to impact banks with $100-250 bln of assets.