Fed's Powell: Fed is committed to increasing the transparency of the stress testing

Key highlights from the speech by Fed's Governor Jerome H. Powell on ‘Relationship Between Regulation And Economic Growth’:

• As a result of an improving economy and actions taken by both the federal regulators and the industry, the U.S. financial system is substantially stronger and more stable than it was before the financial crisis erupted nearly a decade ago
• Liquidity positions within the U.S. banking system have improved substantially since the financial crisis
• As we near completion of the major post-crisis regulatory reforms, this is a good time to assess the effectiveness and efficiency of these reforms
• The Federal Reserve is reassessing whether the Volcker rule implementing regulation most efficiently achieves its policy objectives
• U.S. banks today are as strong as any in the world, as shown by their solid profitability and healthy lending over recent years