The Goldman Sachs Group, Inc..

Summary: The Goldman Sachs Group, Inc. supports the proposed revisions to the regulatory capital framework, noting that the proposals make meaningful progress toward modernizing and streamlining the system while enhancing risk sensitivity. However, the firm argues that further refinements are necessary to avoid overstating risk and imposing disproportionate costs on capital markets, specifically regarding operational risk capital, hedge recognition in the FRTB-DRC, and CVA framework calibrations.