Stress testing and capital planning requirements The comprehensive stress testing conducted by the Federal Reserve, pursuant to the Dodd-Frank Act and in connection with the annual Comprehensive Capital Analysis and Review (CCAR), has become a key part of our supervisory efforts for large banking firms, and we are continuing to develop and expand the scope of this exercise.
Most recently, the Federal Reserve issued proposed supervisory guidance regarding internal stress testing by banking firms with total consolidated assets between $ billion and $ billion as mandated by the Dodd-Frank Act and issued interim final rules clarifying how banking firms should incorporate the revised Basel III regulatory capital framework into their capital projections for the CCAR and Dodd-Frank Act stress testing cycles that began in the fall.