FEDERAL RESERVE SYSTEM ISSUES RULE: ENHANCED TRANSPARENCY AND PUBLIC ACCOUNTABILITY OF THE SUPERVISORY STRESS TEST MODELS AND SCENARIOS; MODIFICATIONS TO THE CAPITAL PLANNING AND STRESS CAPITAL BUFFER REQUIREMENT RULE, ENHANCED PRUDENTIAL STANDARDS RULE, AND REGULATION LL

WASHINGTON, Oct. 2 -- Federal Reserve System has issued a rule called: Enhanced Transparency and Public Accountability of the Supervisory Stress Test Models and Scenarios; Modifications to the Capital Planning and Stress Capital Buffer Requirement Rule, Enhanced Prudential Standards Rule, and Regulation LL.

The rule was published in the Federal Register on Oct. 2 by Michele Taylor Fennell, Associate Secretary of the Board.

Summary: The Board of Governors of the Federal Reserve System (Board) has adopted final amendments to Regulations Y, LL, and YY to enhance the transparency and public accountability of the Board's stress testing framework. The Board is also finalizing amendments to the Policy Statement on the Scenario Design Framework f...