Fed's Quarles: Fed should remove qualitative objection from annual bank stress tests

Randal Quarles, Federal Reserve board member and Vice Chair for Supervision, is now crossing the wires delivering the key takeaways seen below via Reuters.

• Central bank to reconsider April stress capital buffer proposal in response to industry concerns.
• New proposal will aim to make rule requirements more predictable for banks, will publish re-proposal in the near future.
• Fed should remove qualitative objection from annual bank stress tests.