Michael Barr, the outgoing Vice Chair for Supervision at the Federal Reserve, has emphasized the importance of robust bank regulation and supervision to mitigate potential shocks to the financial system. Barr, who is set to step down from his supervisory role at the end of the month but will remain a member of the Federal Reserve Board, warned against weakening bank rules and oversight. He advocated for the implementation of international capital standards and cautioned against reforming stress tests in a way that could lead to lower bank capital requirements. Barr's comments come as part of his broader message on maintaining the resilience of the U.S. banking system, highlighting the need for banks to be prepared for unexpected shocks and the importance of the Federal Reserve's independence in regulatory matters.