But the probes can't uncover every problem before trouble erupts.
But the central bank is putting a stop to share buybacks and limiting bank dividends.
Today's news is worse — and coming faster — than in the scenarios the central bank tests for.
The move carries risks but takes the burden of annual reviews off relatively smaller banks.
A new report argues the process for developing the tests should be more open.
As the Federal Reserve issues its annual stress test results for big banks, the question is do they have enough cash to survive a deep recession, a 50 percent stock market fall and 12 percent unemployment?
Probing deeper into the cracks that emerged when the Federal Reserve did the torture test on banks, it's tough to get past the few that did not make the grade.