02
Sep
Following its stress test earlier this year, the Federal Reserve Board on Friday announced final individual capital requirements for large banks, effective on October 1. Large bank capital requirements are informed by the Board's stress test results, which provide a risk-sensitive and forward-looking assessment of capital needs.
In April, the Board proposed a rule to average stress test results over two consecutive years to reduce year-over-year volatility from the stress test when calculating a firm's capital requirement. If the Board...