On March 14, the Fed announced that it has approved the capital plans of 14 financial institutions in the Comprehensive Capital Analysis and Review. The Fed gave two institutions conditional approval and rejected the plans of two firms. Fed Release.
Comprehensive Capital and Analysis Review
Federal Reserve Board Launches 2013 Capital Planning and Stress Testing Program
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.
Fed Results of Stress Tests
On March 13, the Fed announced summary results of stress tests under the Comprehensive Capital and Analysis Review, a supervisory assessment by the Fed of the capital planning processes and capital adequacy of 19 large, complex bank holding companies. Fed Release. Methodology and Results.