Banks' answer to AIG question a qualified success
How much big U.S. lenders would lose if their largest counterparty fails is now part of the Fed’s stress tests. Bear Stearns, Lehman and AIG all showed the importance of knowing this. But the usefulness is limited unless there’s also a broader picture of systemic frailties.
This content is for Subscribers only
To access full Breakingviews.com content you must be a subscriber. Please use the following link to request a trial.