Bernanke: U.S. banking strength pressure test credit

MarketWatch reported, Fed Chairman Ben Bernanke on Monday said financial markets at the annual meeting in Atlanta Federal Reserve, Bank of America strength more robust compared to a few years ago, thanks in part to the government's stress tests.

The adaptability of the U.S. banking system is greatly improved since 2009, a broader, more complex regulatory pressure test to enjoy some of the credit, "Bernanke said at the annual meeting.

Bernanke believes that the key turning point in 2009 decided to launch a stress test of the financial crisis, banks anxious investors to bring their desire estimated loss of reliable information.

10 in the first round of stress tests of 19 large banks need to raise a total of $ 75 billion of equity capital, and was completed last month the most recent round of testing 18 banks, only two did not pass.

Bernanke said in his speech, despite the Bank of dissatisfaction, but the Fed will not disclose the full details of the stress test model. So the banks criticized the pressure test model is a "black box". Bernanke to worry about the details of the announcement will cause the bank to make it easier only adapt to the Fed's stress test model.