The Clearing House Welcomes Study by Oliver Wyman Showing Increased Stability of the U.S. Banking System
The study by Oliver Wyman entitled Post-Crisis Changes in the Stability of the U.S. Banking System, which was commissioned by The Clearing House, shows substantial gains in financial stability in the U.S. banking sector since 2008, with banks having significantly more equity, more resilience to withstand stressful events, and higher quality portfolios. The study notes that recent improvements in stability that are partly attributable to the actions taken by banks, particularly larger banks, to reduce the riskiness of the assets on their balance sheets have also contributed to the greater stability of the financial system by reducing the risk of insolvency.