Federal Reserve Board Releases Supervisory Scenarios and Instructions for 2014 Capital Planning and Stress Testing

The Board of Governors of the Federal Reserve System issued the supervisory scenarios that will be used in the 2014 capital planning and stress testing program, as well as instructions to firms with timelines for submissions. The program includes the Comprehensive Capital Analysis and Review ("CCAR") of 30 bank holding companies with $50 billion or more of total consolidated assets. Each of the companies in the CCAR in 2014 must submit its capital plans by January 6, 2014.

See: 2014 Supervisory Scenarios for Annual Stress Tests Required under the Dodd-Frank Act Stress Testing Rules and the Capital Plan Rule; Comprehensive Capital Analysis and Review 2014: Summary Instructions and Guidance.