Though they say some improvements can still be made, industry officials generally think the Federal Reserve's "stress tests" for banks have helped the financial services industry. "In general, we think these stress tests are a good idea, and they provide the opportunity for regulators to kick the tires, so to speak, of these institutions," said Tim Pawlenty, CEO of The Financial Services Roundtable. "If it's done properly, it can foster regulatory and market confidence."

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