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Jul 15, 2024 5:48 AM - Parth Sanghvi
Image credit: Anne Nygård
Goldman Sachs is challenging the Federal Reserve's (Fed) decision following the latest stress test, according to a report by the Financial Times. The Fed's test results require Goldman Sachs to hold a greater amount of capital, a move the investment bank is contesting.
Stress Test and Capital Requirements
Background:
Uncertain Outcome
Overall, Goldman Sachs' dispute with the Fed regarding capital requirements adds another layer of complexity to the stress test process. The bank's appeal raises questions about the accuracy of the stress test models and the potential for future legal challenges.
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What are your thoughts on the stress test process? Should banks have the right to appeal the results? Share your comments below!
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