What are stress tests in finance?
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What are stress tests in finance?
Stress tests in finance are simulations used to determine how financial institutions can handle economic shocks.
Why are stress tests important for banks?
They help ensure banks have enough capital to withstand adverse economic conditions, protecting the financial system.
How often are these stress tests conducted?
Typically, stress tests are conducted annually, but some institutions may perform them more frequently.
What scenarios are usually tested?
Common scenarios include severe economic downturns, market crashes, and sudden changes in interest rates.
Can you give an example of a recent stress test?
Sure! The Federal Reserve conducts annual stress tests for major banks, assessing their resilience against hypothetical crises.
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