FSOR has three primary goals: (1) To create an overview of cyber threats to financial stability, (2) to implement joint measures to ensure financial sector resilience and (3) to set up a framework for collaboration and knowledge-sharing.
Indeed, the FOMC has said that it “expects to learn more about the underlying demand for reserves during the process of balance sheet normalization. "10 Nonetheless, let me spend a little time reflecting on this challenging question. How banks respond to the Fed’s reduction in reserve balances could, in theory, take a few different forms.