Federal Reserve Board Launches 2013 Capital Planning and Stress Testing Program

more+
less-

On November 9, the Fed issued instructions, timelines for submissions, and general guidelines for the 2013 capital planning and stress testing program. The program includes the Comprehensive Capital Analysis and Review, which covers 19 firms, and the Capital Plan Review, which covers an additional 11 bank holding companies. The goal of the program is to assess these entities’ capital structures to ensure that they have sufficient capital to continue operations during times of economic and financial stresses. Institutions will be required to submit their capital plans no later than January 7, 2013. Fed Release.

Published In: Administrative Agency Updates, Finance & Banking Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Orrick - Structured Finance Group | Attorney Advertising

Don't miss a thing! Build a custom news brief:

Read fresh new writing on compliance, cybersecurity, Dodd-Frank, whistleblowers, social media, hiring & firing, patent reform, the NLRB, Obamacare, the SEC…

…or whatever matters the most to you. Follow authors, firms, and topics on JD Supra.

Create your news brief now - it's free and easy »