Amendments to Policy Statement on the Scenario Design Framework for Stress Testing

Title: Amendments to Policy Statement on the Scenario Design Framework for Stress Testing
Subject: Stress testing
Agency: Federal Reserve
Status: Final rule
Summary:

The Board is adopting amendments to its policy statement on the scenario design framework for stress testing. As revised, the policy statement clarifies that the Board may adopt a change in the unemployment rate in the severely adverse scenario of less than 4 percentage points under certain economic conditions and institutes a guide that limits procyclicality in the stress test for the change in the house price index in the severely adverse scenario.

FR Doc:

2019-03504

Date proposed: Dec. 15, 2017
Comments due date:
Final rule effective date: April 1, 2019
Rule compliance date:
Agency release:

Federal Reserve Board requests comment on package of proposals that would increase the transparency of its stress testing program

Related Reg Report item(s):

Fed unveils ‘package’ of proposals to increase stress-test transparency

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