The Federal Reserve's vote to pass the bank stress test reform plan is a major victory for the big Wall Street banks. Federal Reserve Vice Chairman for Regulatory Affairs Michelle Bauman said in a statement on Wednesday: “Stress testing is an important part of our regulatory capital framework. This adjustment will ensure the transparency, segmentation and risk sensitivity of stress testing”. The Federal Reserve said that the two final rules are broadly similar to the plan proposed in 2025.

The Federal Reserve's vote to pass the bank stress test reform plan is a major victory for the big Wall Street banks. Federal Reserve Vice Chairman for Regulatory Affairs Michelle Bauman said in a statement on Wednesday: “Stress testing is an important part of our regulatory capital framework. This adjustment will ensure the transparency, segmentation and risk sensitivity of stress testing”. The Federal Reserve said that the two final rules are broadly similar to the plan proposed in 2025.