Michelle Bowman, the Federal Reserve's vice chairman for regulatory affairs, said in a statement on Wednesday: “Stress testing is an important part of our regulatory capital framework. This reform maintains the robustness of testing by ensuring more transparency, granularity, and risk sensitivity.” The Federal Reserve said that the two final rules were basically the same as the version proposed in 2025, and were well received by the banking community at the time. The Board of Governors of the Federal Reserve passed the amendments to the annual stress test with a 6-1 vote. The test was set up after the 2008 financial crisis to evaluate the performance of Wall Street banks in a hypothetical recession scenario. In addition, the Federal Reserve is also seeking comments on a plan to “better reflect the differences in how different banks' business models generate fees and revenues.”

Michelle Bowman, the Federal Reserve's vice chairman for regulatory affairs, said in a statement on Wednesday: “Stress testing is an important part of our regulatory capital framework. This reform maintains the robustness of testing by ensuring that it is more transparent, granular, and risk-sensitive.” The Federal Reserve said that the two final rules were basically the same as the version proposed in 2025, and were well received by the banking community at the time. The Board of Governors of the Federal Reserve passed the amendments to the annual stress test with a 6-1 vote. The test was set up after the 2008 financial crisis to evaluate the performance of Wall Street banks in a hypothetical recession scenario. In addition, the Federal Reserve is also seeking comments on a plan to “better reflect the differences in how different banks' business models generate fees and revenues.”