Exception Tracking Spreadsheet (TicklerTrax™)
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Fed proposes update to capital planning requirements
The Federal Reserve Board has invited public comment on a proposal that would update the Board's capital planning and stress testing requirements in Regulations Y, LL, and YY to be consistent with other Board rules that were recently modified.
The Board has finalized a framework that sorts large banks into different categories based on their risks, with rules that are tailored to the risks of each category. The current proposal updates the Board's capital planning requirements—which help ensure that firms plan for and determine their capital needs under a range of different scenarios—to reflect that new framework. In particular, firms in the lowest risk category are on a two-year stress test cycle and not subject to company-run stress test requirements and the proposal reflects those changes. The proposal also would seek comment on the Board's existing capital planning guidance applicable to all firms.
The proposed rule, which would not change firms' capital requirements, has a comment period that will end November 20, 2020.
PUBLICATION UPDATE: Published at 85 FR 63222 in the October 7, 2020, Federal Register