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ARTICLE · 03 JANUARY 2018

Federal Reserve Board Requests Comment On Package Of Proposals That Would Increase The Transparency Of Its Stress Testing Program

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On December 7, 2017, the Federal Reserve Board announced a suite of proposals intended to increase the transparency of its stress testing program.

United StatesFinance and Banking
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On December 7, 2017, the Federal Reserve Board announced a suite of proposals intended to increase the transparency of its stress testing program. One key aspect of the proposals is intended to increase transparency in the modeling used by the Federal Reserve Board to estimate hypothetical losses in its stress testing, including in the Comprehensive Capital Analysis and Review (CCAR). Specifically, the Federal Reserve Board will make available certain information available to the public that has previously not been released: (i) a range of loss rates, estimated using the Federal Reserve Board's models, for loans held by CCAR firms; (ii) portfolios of hypothetical loans with loss rates estimated by the Federal Reserve Board's models; and (iii) more detailed descriptions of the Federal Reserve Board's models, such as certain equations and key variables that influence the results of those models. The Federal Reserve Board is also seeking comments on a proposed "Stress

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