With a few exceptions, the issues observed during recent Comprehensive Capital Analysis and Review  18  This would likely include replacing the supervisory model’s current assumption that a firm’s balance sheet increases during the severely adverse scenario with a simpler assumption under which a balance sheet and riskweighted assets remain constant and relaxing the assumption that all of a firm’s planned dividends and share repurchases would proceed during CCAR’s two-year planning horizon.
Instead, given the SCB’s continuous constraint on distributions, we would assume a firm will maintain its dividends for one year while reducing its share repurchases.