In a paper entitled "Capital Planning at Large Bank Holding Companies: Supervisory Expectations and Range of Current Practice" the Federal Reserve spelled out areas that are weak within 18 major banks.
The Fed was particularly concerned with risk - identifying, measuring and maintaining risk is a major area requiring improvement by the banks.
The banks also have some problems imagining that they could be seriously damaged by a repeat of the Great Recession; "capital policies...were not
comprehensive or detailed enough to provide clear guidance about how the
BHC would respond as its capital position changed in different economic
circumstances".
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