Thank you. I look forward to the rest of our discussion. 6  More precisely, the rule underpinning the CCAR states that if the Federal Reserve objects to a firm’s capital plan, the firm must resubmit, showing how it will address the causes of the objection.
Current account surpluses in oil-exporting countries have not returned to pre-crisis levels, but given the recent hike in oil prices the surpluses might increase faster than initially expected. To sum up, current developments suggest that global imbalances will grow again and remain uncomfortably large over the coming years, albeit at below pre-crisis levels.