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Regulatory Information
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executive
2020-03-18
article
Regulations Q, Y, and YY: Regulatory Capital, Capital Plan, and Stress Test Rules
Part II
Rules and Regulations
D09002ee1bdb5db7d
D09002ee1bdb5dc90
United States
Federal Reserve System
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org
United States Government Agency or Subagency
The Board is adopting a rule (final rule) that simplifies the Board's capital framework while preserving strong capital requirements for large firms. The final rule would integrate the Board's regulatory capital rule (capital rule) with the Comprehensive Capital Analysis and Review (CCAR), as implemented through the Board's capital plan rule (capital plan rule). The final rule makes amendments to the capital rule, capital plan rule, stress test rules, and Stress Testing Policy Statement. Under the final rule, the Board will use the results of its supervisory stress test to establish the size of a firm's stress capital buffer requirement, which replaces the static 2.5 percent of risk-weighted assets component of a firm's capital conservation buffer requirement. Through the integration of the capital rule and CCAR, the final rule would remove redundant elements of the current capital and stress testing frameworks that currently operate in parallel rather than together, including the CCAR quantitative objection and the assumption that a firm makes all capital actions under stress. The final rule applies to bank holding companies and U.S. intermediate holding companies of foreign banking organizations that have $100 billion or more in total consolidated assets.
85 FR 15576
https://www.govinfo.gov/app/details/FR-2020-03-18/2020-04838
2020-04838
fr18mr20-14
RIN 7100-AF02
Docket No. R-1603
https://www.govinfo.gov/app/details/FR-2020-03-18/2020-04838
https://www.govinfo.gov/content/pkg/FR-2020-03-18/html/2020-04838.htm
https://www.govinfo.gov/content/pkg/FR-2020-03-18/pdf/2020-04838.pdf
Administrative Practice and Procedure
Banks
Banking
Federal Reserve System
Holding Companies
Reporting and Recordkeeping Requirements
Risk
Securities
Capital Planning
Stress Testing
Banking
Credit
Investments
Qualified Financial Contracts
30 p.
15576
15605
85 FR 15576
Code of Federal Regulations
Title 12 Part 217
12 CFR Part 217
Code of Federal Regulations
Title 12 Part 225
12 CFR Part 225
Code of Federal Regulations
Title 12 Part 252
12 CFR Part 252
Regulation Identification Number 7100-AF02
RIN 7100-AF02
Regulations Q, Y, and YY: Regulatory Capital, Capital Plan, and Stress Test Rules; Federal Register Vol. 85, Issue
RULE
2020-04838
II
FEDERAL RESERVE SYSTEM
2020-05-18
Docket No. R-1603
2020-04838
Final rule.
The Board is adopting a rule (final rule) that simplifies the Board's capital framework while preserving strong capital requirements for large firms. The final rule would integrate the Board's regulatory capital rule (capital rule) with the Comprehensive Capital Analysis and Review (CCAR), as implemented through the Board's capital plan rule (capital plan rule). The final rule makes amendments to the capital rule, capital plan rule, stress test rules, and Stress Testing Policy Statement. Under the final rule, the Board will use the results of its supervisory stress test to establish the size of a firm's stress capital buffer requirement, which replaces the static 2.5 percent of risk-weighted assets component of a firm's capital conservation buffer requirement. Through the integration of the capital rule and CCAR, the final rule would remove redundant elements of the current capital and stress testing frameworks that currently operate in parallel rather than together, including the CCAR quantitative objection and the assumption that a firm makes all capital actions under stress. The final rule applies to bank holding companies and U.S. intermediate holding companies of foreign banking organizations that have $100 billion or more in total consolidated assets.
Effective May 18, 2020.
Lisa Ryu, Senior Associate Director, (202) 263-4833, Constance Horsley, Deputy Associate Director, (202) 452-5239, Juan Climent, Manager (202) 872-7526, Andrew Willis, Lead Financial Institution Policy Analyst, (202) 912-4323, Christopher Appel, Senior Financial Institution Policy Analyst II, (202) 973-6862, Hillel Kipnis, Senior Financial Institution Policy Analyst II, (202) 452-2924, and Palmer Osteen, Financial Institution Policy Analyst, (202) 785-6025, Division of Supervision and Regulation; Benjamin McDonough, Assistant General Counsel, (202) 452-2036, Julie Anthony, Senior Counsel, (202) 475-6682, Mark Buresh, Senior Counsel, (202) 452- 5270, Asad Kudiya, Senior Counsel, (202) 475-6358, or Mary Watkins, Senior Attorney, (202) 452-3722, Legal Division, Board of Governors of the Federal Reserve System, 20th Street and Constitution Avenue NW, Washington, DC 20551. Users of Telecommunication Device for Deaf (TDD) only, call (202) 263-4869.
Administrative Practice and Procedure
Banks
Banking
Federal Reserve System
Holding Companies
Reporting and Recordkeeping Requirements
Risk
Securities
Capital Planning
Stress Testing
Banking
Credit
Investments
Qualified Financial Contracts
https://www.federalreserve.gov/apps/reportforms/review.aspx
https://www.federalreserve.gov/newsevents/pressreleases/bcreg20190205a.htm
https://www.federalreserve.gov/publications/files/2019-march-supervisory-stress-test-methodology.pdf
www.federalreserve.gov/newsevents/pressreleases/files/bcreg20181221b1.pdf
Federal Register
Vol. 85, no. 53
Office of the Federal Register, National Archives and Records Administration
2020-03-18
continuing
daily
deposited
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385 p.
Table of Contents:
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GS 4.107:
AE 2.106:
KF70.A2
https://www.govinfo.gov/app/details/FR-2020-03-18
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0042-1219
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https://www.govinfo.gov/app/details/FR-2020-03-18
https://www.govinfo.gov/content/pkg/FR-2020-03-18/pdf/FR-2020-03-18.pdf
https://www.govinfo.gov/content/pkg/FR-2020-03-18/xml/FR-2020-03-18.xml
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DGPO
2020-03-18
2023-04-27
FR-2020-03-18
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FR
FR-2020-03-18
85
53