CCAR's Costly Counter-Cyclical CloutVW Staff
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 . . .
This content is exclusively for paying members. Access all of our content on including years of timeless investment news and in depth analysis for only a few dollars a month by signing up here while also supporting quality content and journalism, or learn more about our premium content here
If you are subscribed and having an account error please clear cache and then cookies if that does not work email firstname.lastname@example.org and we will get back to you as quick as humanly possible