Blog: TCH Responds to Fed’s Criticism of its CCAR Implicit Capital Requirements Research Note
Feb 16, 2017
TCH stands behind its research that shows mortgage and small business loans are hard hit by stress tests.
Blog: Comment on the OFR brief "Capital buffers and the future of bank stress tests"
Feb 13, 2017
On Tuesday, researchers at the Office of Financial Research (OFR) published a brief – "Capital Buffers and the Future of Bank Stress Tests." The OFR note simply asserts that tighter is better and makes no consideration of the negative consequences for economic growth and employment that would result. Moreover, the reasons the note provides for their suggested change are myopic or flawed.
Blog: Has Loan Growth Fully Recovered from the Financial Crisis?
Feb 9, 2017
TCH Research explains how to assess loan growth in historical terms.
Blog: FOMC Go Home
Feb 7, 2017
The Fed should hasten its return to its pre-crisis framework of conducting monetary policy by shrinking its enormous holdings of government securities.
TCH Research Note: New Research Estimates Credit Allocation Encouraged by CCAR Stress Tests
Jan 31, 2017
The Clearing House research note finds that the Federal Reserve’s CCAR stress test is imposing dramatically higher capital requirements on certain asset classes – most notably, small business loans and residential mortgages – than Basel standardized models and banks’ internal models that are approved by the Federal Reserve.