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Randal Quarles, Federal Reserve board member and Vice Chair for Supervision, is now crossing the wires delivering the key takeaways seen below via Reuters.

  • Central bank to reconsider April stress capital buffer proposal in response to industry concerns.
  • New proposal will aim to make rule requirements more predictable for banks, will publish re-proposal in the near future.
  • Fed should remove qualitative objection from annual bank stress tests.