Richmond Fed’s Lacker on stress test disclosure
Jeff Lacker, the president of the Richmond Federal Reserve, on Friday said the level of disclosure of financial institution stress tests posed a real dilemma for policymakers.
At the 2011 US Monetary Policy Forum in New York, Lacker said: "A good case can be made for transparency; stress tests provide quantitative assessments that are forward-looking, independently certified and methodologically comparable across institutions."
However, on the other hand, Lacker said there were also good reasons
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