For the first time since the Federal Reserve launched its stress tests seven years ago, all of America’s largest banks have been cleared to release dividends to shareholders after passing the qualitative portion of the tests. Appearing on BloombergTV, SIFMA President and CEO Kenneth E. Bentsen, Jr. voiced the industry’s support of stress tests to ensure market stability but noted there could be more transparency and more efficient application in the process. “The burden of regulation is such that it can begin to tax the system… Are these rules doing what we want them to do?”

Watch the conversation at bloomberg.com.