00:00Going forward, the Federal Reserve is committed to transparency and ensuring that public input and stakeholder comment enhance the program over time.
00:11Stress testing remains an important element of the Board's capital framework and supervisory program for large banks.
00:19To promote public accountability and to achieve robust outcomes, the Board plans to solicit public comment on various stress testing reforms later this month.
00:31This proposal seeks to ensure that any substantive changes are informed by public input prior to their adoption.
00:40These actions are part of a broader set of capital-related measures designed to right-size and recalibrate the regulatory framework to better balance safety and soundness with the role of the financial system in promoting economic growth.
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