[Federal Reserve Extends Consultation Period for Stress Test Improvement Proposal to Provide Banks More Time for Feedback] According to a report by Golden Finance, the Federal Reserve has agreed to give large banks more time to submit opinions on certain aspects of a proposal aimed at improving the stress test model for major financial institutions. In a statement on Friday, the Federal Reserve announced that the deadline for public consultation on the proposal to enhance the transparency and accountability of stress test models and scenarios would be extended by one month to February 21. The Federal Reserve also stated that the deadline for feedback on the proposed 2026 stress test scenarios remains December 1. Annual stress tests were introduced after the 2008 financial crisis to strengthen the banking sector's ability to withstand future economic shocks and assess banks' performance under hypothetical recession scenarios. Banks have long advocated for modifications to the tests, claiming that they impose excessive burdens.