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​Fed to review 16 banks’ capital monitoring after finding stress-test shortcomings

By Neil Roland ( June 30, 2016, 22:22 GMT | Insight) -- The US Federal Reserve said it will review 16 large banks’ programs for assessing their capital-planning lapses after stress tests showed that “a number of” unnamed institutions had holes in their internal oversight. These control weaknesses, while serious enough to spur plans for a broad review this year, didn’t rise to the same level of Fed concern as did shortcomings at Morgan Stanley and US units of Deutsche Bank and Banco Santander.The US Federal Reserve said it will review 16 large banks’ programs for assessing their capital-planning lapses after stress tests showed that “a number of” unnamed institutions had holes in their internal oversight....

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