Federal Reserve Board announces finalized stress testing rules removing noncomplex firms from qualitative aspect of CCAR effective for 2017

[kreslik.news]

The Federal Reserve Board on Monday finalized a rule adjusting its capital plan and stress testing rules, effective for the 2017 cycle. The final rule removes large and noncomplex firms from the qualitative assessment of the Federal Reserve's Comprehensive Capital Analysis and Review (CCAR), reducing significant burden on these firms and focusing the qualitative review in CCAR on the largest, most complex financial institutions.

As stated by the Board last year, the Board intended to finalize these changes for the 2017 CCAR cycle, which began on January 1, 2017. The scenarios and instructions for the 2017 CCAR cycle will be ... (read more)