Bloomberg News

Fed’s Tarullo Listened to Bank Concerns on Stress Test, Fed Says

May 02, 2012

Federal Reserve Governor Daniel Tarullo met with bank chief executives today about the implementation of the Fed’s stress tests and other regulations.

He did not comment to bank executives on their concerns, according to a summary of the meeting released by the Fed today.

“Neither Governor Tarullo nor Federal Reserve staff would, during the meeting, respond or reply to views expressed by the bank representatives,” according to a summary provided by the Fed of a meeting today between the chief executives of six banks and Tarullo.

To contact the reporter on this story: Joshua Zumbrun in Washington at jzumbrun@bloomberg.net

To contact the editor responsible for this story: Christopher Wellisz at cwellisz@bloomberg.net


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