Randal K Quarles: Supervision and regulation report Testimony by Mr Randal K Quarles, Vice Chairman for Supervision of the Board of Governors of the Federal Reserve System, before the Committee on Banking, Housing, and Urban Affairs, US Senate, Washington, DC, 10 November 2020.
This amount corresponds to 0.3% of the total of such credits. The SIP provided a snapshot of the quality of the banks’ assets. As the situation is dynamic, Banco de Portugal decided to include in its regular banking system supervision periodic horizontal monitoring of the overall credit portfolio, or of specific asset classes particularly exposed to macroeconomic or market developments.