It is also working toward developing IT-oriented human resources that are expected to create new value rather than simply raise efficiency and cut costs, so that IT-related technological innovation can be used for more creative and innovative economic activities.
Transparency In the meantime, several initiatives are also underway to provide additional transparency into stress testing. I expect you will soon see the Federal Reserve issue a policy statement describing governing principles around the supervisory stress testing process—and with it, a commitment to disclosing additional detail about supervisory stress test models and results, along with portfolios of hypothetical loans and associated loss rates.