Throughout the COVID event, the stress test has provided analysis necessary to tailor our actions to the risks we faced, and we have used the results from it to provide the public with transparency into the analysis that informs our decisions.
The investment we’ve made in the Fed’s own stress test models gave us an extra tool relative to regulators in other jurisdictions, 2/5  BIS central bankers' speeches  who generally rely on banks’ own models for projections of losses and revenues in their supervisory stress tests.