Runs Versus Lemons: Why US Bank Stress Tests Succeeded While Europe's Failed – ValueWalk Premium

Runs Versus Lemons: Why US Bank Stress Tests Succeeded While Europe's Failed

Runs Versus Lemons: Why US Bank Stress Tests Succeeded While Europe's Failed by The Conversation
At the height of the financial crisis, in February 2009, US authorities announced an innovative policy designed to restore confidence in the financial system: the Supervisory Capital Assessment Program, better known as the stress test.

Taking their supervisory duties an unprecedented step further, regulators would

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