Press Release

September 30, 2020 Federal Reserve Board invites public comment on proposal that would update the Board's capital planning requirements to be consistent with other Board rules that were recently modified For release at 2:30 p.m. EDT Share The Federal Reserve Board on Wednesday invited public comment on a proposal that would update the Board's capital planning requirements to be consistent with other Board rules that were recently modified. Last year, the Board 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 proposal today 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 proposal would not change firms' capital requirements. Comments will be accepted until November 20, 2020. For media inquiries, call 202-452-2955 Comments: Submit | View Federal Register notice: Amendments to Capital Planning and Stress Testing Requirements for Large Bank Holding Companies, Intermediate Holding Companies and Savings and Loan Holding Companies Board Memo (PDF) * *On October 1, 2020, a memo describing the proposal was posted. It was omitted on September 30, 2020, when the proposal was announced. Related Content Board Votes

Federal Reserve (2020, September 29). Press Release. Press Releases, Federal Reserve. https://whenthefedspeaks.com/doc/press_release_20200930_federal_reserve_board_announces_it_will_extend

@misc{wtfs_press_release_20200930_federal_reserve_board_announces_it_will_extend,
  author = {Federal Reserve},
  title = {Press Release},
  year = {2020},
  month = {Sep},
  howpublished = {Press Releases, Federal Reserve},
  url = {https://whenthefedspeaks.com/doc/press_release_20200930_federal_reserve_board_announces_it_will_extend},
  note = {Retrieved via When the Fed Speaks corpus}
}