On September 30, the Federal Reserve Board voted 6-1 to approve revisions to the annual stress tests, which is seen as a significant victory for large lending institutions on Wall Street. Vice Chair for Supervision, Michelle Bowman, stated that stress tests are a crucial component of the regulatory capital framework, and the reforms enhance transparency, specificity, and risk sensitivity, thereby maintaining their robustness. The Federal Reserve noted that the two finalized rules are largely consistent with those proposed in 2025, which were welcomed by the banking sector at the time. The stress tests were established after the 2008 financial crisis to assess the resilience of Wall Street institutions under hypothetical economic recession scenarios. Additionally, the Federal Reserve solicited feedback on a plan aimed at better reflecting the differences in banks' fee income business models.