CCAR's Costly Counter-Cyclical Clout

Karen Shaw Petrou's memorandum to Federal Financial Analytics clients on CCAR's Costly Counter-Cyclical Clout.

TO: Federal Financial Analytics Clients

FROM: Karen Shaw Petrou

DATE: January 29, 2016

Although the biggest BHCs are licking their wounds (again) after reading yesterday’s CCAR release from the Federal Reserve, CCAR’s most important result isn’t how much it will cost big BHCs, but how it confirms how much the FRB wants the biggest banks to be fortress utilities on which the stability of the United States economy and financial system can stand. Taking the FRB’s statement that CCAR . . .


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