CCAR Relief and Redesign
In conjunction with broader revisions to its stress-test standards outlined in a speech by Gov. Tarullo, the FRB is proposing to revise the Comprehensive Capital Analysis & Review (CCAR) stress test for BHCs and intermediate holding companies (IHCs) of foreign banks with less than $250 billion in assets that do not trigger other size or complexity thresholds. These firms would no longer need to meet qualitative capital-planning standards,1 with resiliency judged instead through the supervisory process.