This year's stress test wasn't just a head-ache for Citigroup. It also created more stress for Bank of America (NYSE:BAC), leading to halted dividends and share buybacks, and has held Bank of America's share price back.

In this episode of The Motley Fool's Where the Money Is, Motley Fool financial analysts David Hanson and Tyler Riggs shed light on the ways in which Bank of America's actions following the discovery of an accounting error could pioneer a culture of self-reporting in the banking industry.

Although the error may have lowered the company's share price in the short-term, this could be an encouraging sign for Bank of America in the long-term. But what's the incentive for banks to self-report errors to the Fed if headlined events ultimately diminish shareholder trust and destroy value?