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Bernanke: Banks Need to Test for Other Risks

Bernanke: Banks need to keep monitoring “operational, liquidity and reputational risks” He spoke to a group at a Fed conference in Jekyll Island, GA on Monday evening. The Federal Reserve led stress tests of the 19 largest domestic banks, revealing that 10 of them need to raise a total of $75 billion in additional capital. He sees that banks are “well ahead” in finding ways to increase capital, and several have already announced plans to raise equity or issue long-term debt not guaranteed by FDIC.”]

Source: https://www.cuinfosecurity.com/bernanke-banks-need-to-test-for-other-risks-a-1459

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