Federal Reserve Daly: Eighteen months have passed since the banking crisis experienced in 2023. Some critics will say we haven't actually adequately addressed interest rate risk or liquidity risk in the banking system. We have not performed stress tests that include testing for these risks. But many banks are not subject to liquidity regulation.

Federal Reserve Daly: Eighteen months have passed since the banking crisis experienced in 2023. Some critics will say we haven't actually adequately addressed interest rate risk or liquidity risk in the banking system. We have not performed stress tests that include testing for these risks. But many banks are not subject to liquidity regulation.