The scenarios serve as a template and severity benchmark for firms ... be responsible for creating their own scenarios to test resilience.

Covered institutions must submit their stress test results ... and severely adverse scenarios, each of which includes various economic variables. The reporting templates, which must be populated ...

The second what-if scenario is "more adverse" -- a deeper and more protracted downturn. The stress-test report says it is "virtually certain that the economy will not evolve in lockstep with either." ...

WASHINGTON, Oct 19 (Reuters) - The U.S. Federal Reserve is developing additional scenarios to probe for weaknesses in large banks as part of its 2024 stress test, its top regulatory official said ...