Stress Tests and the End of Bank Supervision
New federal authority surrounding stress tests means banking supervisors take a back seat to regulators.
A financial historian and legal scholar, Peter Conti-Brown is an assistant professor at The Wharton School of the University of Pennsylvania. He also wrote The Power and Independence of the Federal Reserve (Princeton University Press 2016), is the editor of two other books, and is the writer or co-writer of many articles on central banking and financial regulation.
New federal authority surrounding stress tests means banking supervisors take a back seat to regulators.