BofA CEO Moynihan: Stress Tests Are Good for Banks

The transcript discusses the impact of capital requirements on growth, the Dodd-Frank Act, and the need for regulatory calibration. It highlights the importance of regulatory appointments and their impact on the industry. The Volcker Rule is analyzed, emphasizing its role in capital markets and risk management. Stress tests and living wills are explained as essential regulatory tools for ensuring financial stability.

What are the potential impacts of a 9% versus 10% capital requirement on loan availability?

How does the speaker view the relationship between credit appetite and responsible growth?

What are the concerns raised regarding the Dodd-Frank Act?

How does the speaker describe the importance of having qualified individuals in regulatory positions?

In what ways does the speaker believe the Volcker Rule affects their business operations?

What is the significance of stress tests in the context of banking regulations?

What are the implications of the living will requirement for large financial institutions?