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
What happened
The Board of Governors of the Federal Reserve System adopted final amendments to Regulations Y, LL, and YY and related policy statements. This action finalizes models for the 2027 stress test, proposes further changes, and finalizes modifications to stress test data collection (FR Y-14A/Q/M). The changes became effective November 2, 2026, and were signed by Donald Trump.
Why it matters
By increasing transparency and accountability, the public and banks will have a clearer understanding of the stress testing process. This helps ensure the stress tests remain an effective tool for assessing risks within the financial system, promoting stability.
Who it affects
- ›Board of Governors of the Federal Reserve System
- ›Banks subject to stress testing
- ›General public
- ›Financial system stability
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