Federal Reserve Issues Final Rule on Capital Planning, Stress Testing

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The Federal Reserve recently issued a final rule to revise its capital planning and stress testing requirements for large bank holding companies, intermediate holding companies, and savings and loan holding companies.

The final rule modifies the capital planning, regulatory reporting, and stress capital buffer requirements for firms subject to Category IV standards. The Federal Reserve also made changes to the assumptions relating to business plan changes and capital actions and the publication of company-run stress test results to make them consistent with other recent changes to the Federal Reserve’s stress testing rules.

In addition, the final rule applies the capital planning and stress capital buffer requirements to covered savings and loan holding companies subject to Category II, III and IV standards.

The final rule will become effective April 5, 2021.

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.

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