from FT.com:
The stress tests on the 19 biggest US banks pave the way for an ongoing interventionist approach to regulation, Ben Bernanke, chairman of the Federal Reserve, signalled on Thursday.
Hours before the publication of the results of the tests, which are expected to show that banks including Citigroup and Bank of America will need to raise equity, Mr Bernanke told the Chicago Fed that the “exercise has been comprehensive, rigorous, forward-looking, and highly collaborative… Undoubtedly, we can use many aspects of the exercise to improve our supervisory processes in the future.”
