Large banks with significant trading operations will have their finances tested in 2020 against a scenario that includes"heightened stress" in leveraged loans, the Federal Reserve announced on Thursday.
The Fed also plans to test banks with substantial trading or processing operations against a hypothetical counterparty default as part of its 2020 round of stress tests.The Fed's focus on leveraged lending in the upcoming round of stress tests comes after regulators and some in the industry have aired concern for years over the rapid growth in the corporate debt market, particularly in loans to already heavily-indebted firms.
Source: Digital Coin News (digitalcoinnews.net)
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