Federal Reserve Issues Statement on Adjustments to Its Supervisory Approach in Light of the COVID 19 National Emergency: Regulator Outlines Adjustments Designed to Assist Financial Institutions in Deploying Resources While Continuing to Support Customers and Local Economies; Confirms No Delay in April 6 CCAR Capital Plan Submission Deadline

Sullivan & Cromwell LLP - March 25, 2020
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On March 25, 2020, the Federal Reserve issued a statement to all institutions supervised by the Federal Reserve outlining adjustments designed to assist financial institutions in efficiently deploying resources while continuing to support customers and local economies.  The statement also confirmed that there will be no delay in the April 6 CCAR capital plan submission deadline.