Bank Capital Plans and Stress Tests: Federal Reserve Implements Amendments to Aspects of Existing Capital Plan and Stress Test Rules

Sullivan & Cromwell LLP - December 7, 2015

On November 25, 2015, the Board of Governors of the Federal Reserve System (the “Federal Reserve”) adopted substantially as originally proposed a final rule (the “Final Rule”) modifying certain aspects of the Federal Reserve’s capital plan rule (the “Capital Plan Rule”) and Dodd-Frank Act Section 165 stress test rules (the “DFAST Stress Test Rules”). Accordingly, the Capital Plan Rule and DFAST Stress Test Rules are being amended, effective January 1, 2016.