State Street Corporation Releases Results of its 2019 Dodd-Frank Annual Stress Test (DFAST)
June 21 2019 - 4:33PM
Business Wire
State Street Corporation (NYSE:STT) today released the results
of its 2019 annual stress test. Consistent with section 165 of the
Dodd-Frank Wall Street Reform and Consumer Protection Act, the
results are based on the supervisory severely adverse scenario and
incorporate prescribed Dodd-Frank capital actions. State Street,
like other institutions covered by the provisions of section 165 of
the Dodd-Frank Act, is required to conduct company-run stress tests
semi-annually under its own methodology and to disclose summary
results of those company-run stress tests under the severely
adverse scenario. State Street’s disclosure can be found in the
Investor Relations section of its website,
http://investors.statestreet.com.
This release follows today’s announcement of the Federal
Reserve’s DFAST results for covered institutions, including State
Street, based on its own methodology. Those results can be found
at: https://www.federalreserve.gov.
About State Street Corporation State Street Corporation
(NYSE: STT) is a world leading provider of financial services to
institutional investors including investment servicing, investment
management and investment research and trading. With $32.6 trillion
in assets under custody and administration and $2.8 trillion* in
assets under management as of March 31, 2019, State Street operates
globally in more than 100 geographic markets and employs
approximately 40,000 worldwide. For more information, visit State
Street's website at www.statestreet.com.
* Assets under management include the assets of the SPDR® Gold
ETF and the SPDR® Long Dollar Gold Trust ETF (approximately $33
billion as of March 31, 2019), for which State Street Global
Advisors Funds Distributors, LLC (SSGA FD) serves as marketing
agent; SSGA FD and State Street Global Advisors are affiliated.
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version on businesswire.com: https://www.businesswire.com/news/home/20190621005473/en/
Ilene Fiszel Bieler +1 617-664-3477 Marc Hazelton +1
617-513-9439
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