Are Stress Tests Still Informative?

Beverly Hirtle, Anna Kovner and Samantha Zeller

No 20160404, Liberty Street Economics from Federal Reserve Bank of New York

Abstract: Since the height of the financial crisis, each year the Federal Reserve has disclosed the results of its stress tests, and stress testing has become ?business as usual? in the U.S. banking industry. In this post, we assess whether market participants find supervisory stress test disclosures informative. After half a decade, do the disclosures still contain information that the market finds valuable?

Keywords: disclosure; event study; Stress test (search for similar items in EconPapers)
JEL-codes: G2 (search for similar items in EconPapers)
Date: 2016-04-04
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