Robert Bench, senior fellow at the School of Law’s Morin Center for Banking and Financial Law and a former deputy Comptroller of the Currency, questions whether results should be made public of “stress tests” being run on the nation’s 16 largest banks.
“The U.S. government never has disclosed the results of its safety and soundness examinations of individual banks that are open. Disclosures have occurred for banks that failed. This issue has risen during past crises, and the statutory protections of individual bank examinations have been preserved.
“During past crises, the federal banking agencies have disclosed aggregate information across a population of banks or across a populaton of assets, but not individual banking companies. It is the responsibility of the banks to disclose what they feel they need to disclose under securities laws.”
Contact Robert Bench, 617-353-5428, firstname.lastname@example.org