However, the recovery pace of the global economy has recently been slowing. As firms’ inventory restocking, which has been leading the recovery, has run its course, in advanced economies, the effects of various demand-boosting measures have been waning. For example, after the expiration of the homebuyer tax credits in June, the U.S. home sales have been sluggish.
Consistent with the statute, the rules require annual supervisory stress tests for bank holding companies with $ billion or more in assets and any nonbank financial companies designated by the Financial Stability Oversight Council (Council). The rules also require company-run stress tests for a broader set of regulated financial firms that have $ billion or more in assets.