Freddie Mac Issues Dodd-Frank Stress Test Results
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Freddie Mac (FMCC) Updates on Results of Fed Stress Test
April 30, 2015 11:04 AM EDTFreddie Mac (OTCBB: FMCC) issued the company's stress test results for the severely adverse scenario conducted under FHFA's rule implementing the Dodd-Frank Wall Street Reform and Consumer Protection Act.
Dodd-Frank requires certain financial companies with more than $10 billion in assets to perform annual stress tests to assess capital adequacy.
Executive Summary:
Freddie Mac is required to conduct annual stress tests to assess capital adequacy under the Federal Housing Finance Agency (FHFA) rule implementing the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank) stress testing requirements.
FHFAs stress test... More