The U.S. Federal Reserve wants banks to get something out of their annual stress tests beyond just ticking the box of regulatory compliance, but few banks actually do, according to a survey to be released later this week. Moody's Analytics polled 32 chief risk officers and others who took part in the stress tests this year, or may be required to participate next year. All said they used the results for "regulatory compliance," but when it came to business decisions the numbers were much lower. "The banks pretty universally say they want to get more out of stress testing," said David Little, a managing director at Moody's Analytics. "They're spending a ton of money and the return-on-investment isn't there if they're just using it for compliance." There are two parts to U.S. stress tests, one called "DFAST" that is required by the Dodd-Frank financial reform law, and another called "CCAR," which approves or rejects plans to use capital for dividends, share repurchases or investments. Of
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