The Federal Reserve finalized shifting the timing of the annual stress test and capital planning cycle by three months, a change long sought by ABA.
The planning and testing cycle beginning on Oct. 1 in a given year will be shifted to Jan. 1 of the following year. Starting with the 2015-16 planning cycle, submissions to the agencies will be due by April 5 for banks with over $50 billion in assets and July 31 for banks with $10-50 billion in assets.
The rule included several additional changes to the stress testing and Comprehensive Capital Analysis and Review program. The Fed made other small changes to its proposed rule based on ABA’s comments, including providing more flexibility in the net distribution test.
Read the final rule.