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Inside Washington (11/23/2011)
  • WASHINGTON (11/28/11)--The Federal Reserve Board on Tuesday issued a final rule requiring U.S. bank holding companies with assets of $50 billion or more to submit annual capital plans for review. The Fed also launched its 2012 review, issuing instructions to the firms, including the macroeconomic and financial market scenarios required to support the stress testing used in their capital plans. As a part of the review, known as the comprehensive capital analysis and review (CCAR), the Fed will carry out a supervisory stress test based on the same stress scenario provided to the firms to support its analysis of the adequacy of the firms' capital. The aim of the annual capital plans is to ensure that institutions have capital planning processes that account for their risks, and to help ensure there is sufficient capital to continue operations during economic and financial stress. Institutions will be expected to have credible plans that show they have sufficient capital so they can continue to lend to households and businesses, even under adverse conditions, and are prepared to meet regulatory capital standards agreed to by the Basel Committee on Banking Supervision as they are implemented in the U.S. …


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