13 One point was our intention to remove the “qualitative” part of the annual stress testing exercise for participating banks with less than $ billion in assets. We have since done just that, in recognition of the fact that these firms had generally met the supervisory expectations for capital planning and risk management put in place after the crisis.
In that speech I also indicated that the Board of Governors was considering a significant revision to our stress testing program that would both integrate it into other applicable capital requirements and begin to reduce the amount of attention directed at the annual announcement of stress test results.