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​Fed nominee Quarles says banks should be shown stress tests in advance

By Neil Roland ( July 27, 2017, 21:36 GMT | Insight) -- Randal Quarles, President Donald Trump's nominee to be the US Federal Reserve's regulatory chief, said banks should be shown stress tests in advance — a pro-industry view that potentially puts him on a collision course with Fed Chair Janet Yellen. "Certainly, the benefits of transparency outweigh any of the theoretical costs," he told the Senate Banking Committee during a confirmation hearing.Randal Quarles, President Donald Trump's nominee to be the US Federal Reserve's regulatory chief, said banks should be shown stress tests in advance — a pro-industry view that potentially puts him on a collision course with Fed Chair Janet Yellen....

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