Bank Capital Plans and Stress Tests: Federal Reserve Board Proposes Rule Amending Certain Aspects of Existing Capital Plan and Stress Test Rules

Sullivan & Cromwell LLP - July 22, 2015

On July 17, the Board of Governors of the Federal Reserve System released a notice of proposed rulemaking that would modify certain aspects of the Board’s capital plan rule and Dodd-Frank Act stress test rules applicable to large bank holding companies and certain banking organizations with total consolidated assets of more than $10 billion. The proposed rule would also affect elements of the Board’s supervisory Comprehensive Capital Analysis and Review process. The proposed changes would apply beginning with the 2016 capital planning and stress testing cycles.