Source: https://www.federalreserve.gov/newsevents/pressreleases/bcreg20230614a.htm
The Federal Reserve Board is going to announce the results of its annual stress tests for banks on Wednesday, June 28, at 4:30 p.m. EDT.
These tests evaluate the resilience of 23 large banks by simulating a severe global recession that severely impacts real estate and corporate debt markets.
The scenario they're using for the test involves the U.S. unemployment rate rising to 10% accompanied by severe market volatility, wide corporate bond spreads, and a crash in asset prices.
This year, banks with significant trading operations will also be tested against a global market shock, which adds additional stress to their trading positions.
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For the first time, the stress test will include an exploratory market shock for the largest and most complex banks, the results of which will be released on a firm-specific basis.
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However, this exploratory shock won't contribute to this year's capital requirements it's meant to provide more information about the banks' resilience and help the Board understand how to capture a wider array of risks in future stress tests--aka the portion of the test we know you are going to fail, so it does not count against your grade, but we need to know how bad you would have done...
Considering the last of LIBOR priced swaps that were extended last year, need to be actually closed effective June 30th....I wonder why the FED is releasing results, and conducting test, right now.
UNUSUAL - They usually conduct the test around October and release the results at the end of the year. Also I get real sketched out when they "simulate" scenarios these days. Looks like a possible playbook of an upcoming event.
Edit: Related Content: Dodd-Frank Act Stress Tests 2023: https://www.federalreserve.gov/supervisionreg/dfa-stress-tests-2023.htm
They also need to tell us what they are about to do to us.
They think it neutralises their guilt because we've been informed ahead of time and have consented by default.
Neutralizes karma because we have the ability to say no.
It's also about speaking a spell out loud.
Everyone that hears it becomes an amplifier of the vibration.
These people are psychopaths and feel no guilt. Telling us ahead of time just lets them throw it in our face that "Hey, we told you and you went along! You didn't try to stop us! Ha ha, this is on YOU!"
That's why they tell us first.
https://rumble.com/v20m9lu-lara-logan-dropped-truth-bombs-about-pedowood-podesta-and-satanists..html
start at 2:07
Lara has a Warrior Spirit. She always brings Truth and Fire! 🔥🔥🔥
Luciferian karma
I said we MOASS tommorow!🦍
It gives them credence when they say it wasn't our fault, we were trying to prepare for it, that's why we did the testing.
...Yet anons writ large don't believe COVID19 was a military Op
And Sound of Freedom is July 4th.
Enter the guilty plea by JPMORGAN concerning the Epstein case and Jamie Dimons deposition.
🙏
Oh a test you say? You mean like the one on 9/11/2001??? 🤔
Event 201…..
all I see is MOASS
ditto
I thought it was really interesting being June 28th. Why? Well the Treaty of Versailles was signed that day and Trump just stopped by Versailles in Miami.
THIS!! 👆🎯 Comms everywhere.
This is convenient since the cyber attacks are suppose to hit the financial institutions in the next few days.
I'm looking at previous years and this timing seems normal. 2019, for example: scenarios released in February, results released at the end of June.