Fed's Powell: Fed is committed to increasing the transparency of the stress testing
|Key highlights from the speech by Fed's Governor Jerome H. Powell on ‘Relationship Between Regulation And Economic Growth’:
- As a result of an improving economy and actions taken by both the federal regulators and the industry, the U.S. financial system is substantially stronger and more stable than it was before the financial crisis erupted nearly a decade ago
- Liquidity positions within the U.S. banking system have improved substantially since the financial crisis
- As we near completion of the major post-crisis regulatory reforms, this is a good time to assess the effectiveness and efficiency of these reforms
- The Federal Reserve is reassessing whether the Volcker rule implementing regulation most efficiently achieves its policy objectives
- U.S. banks today are as strong as any in the world, as shown by their solid profitability and healthy lending over recent years
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.