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Fighting to Make Sure Stress Tests Work

Dennis Kelleher at Fed Stress Tests Conference

(from left) Charlotte Gerken, Director, Bank of England; Dennis M. Kelleher, President and CEO, Better Markets; Brian Lee, Chief Accounting Officer and Controller, Goldman Sachs; Andrew Metrick, Professor, Yale University. Federal Reserve Board of Governors Stress Testing Conference, Federal Reserve Bank of Boston, July 9, 2019.

Stress tests, as we’ve detailed here, have been invaluable in strengthening our financial system. They are vital tools that protect taxpayers and our economy by making sure that banks have enough capital to absorb their own losses without needing bailouts.