|Title:||Amendments to Policy Statement on the Scenario Design Framework for Stress Testing|
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.
|Date proposed:||Dec. 15, 2017|
|Comments due date:|
|Final rule effective date:||April 1, 2019|
|Rule compliance date:|
|Related Reg Report item(s):|