The U.S. Government Accountability Office recently submitted a report on actions the Federal Reserve can take to improve its two supervisory programs that involve stress testing, including recommendations for executive action affecting the Officer of the Comptroller of the Currency, Federal Deposit Insurance Corp., as well as the Federal Reserve.
The Dodd-Frank Act implements statutory stress tests for Federal Reserve-supervised banking institutions with assets in excess of $10 billion.
Find out what recommendations are included in the report.