On 12 June 2014, the Federal Reserve Board issued a proposal to modify the regulations for capital planning and stress testing. The proposed rule would shift the start date of the capital plan and stress test cycles from 1st of October of a calendar year to 1st of January of the following calendar year. Under the proposed rule, a bank holding company with total consolidated assets of $50 billion or more would be required to submit its capital plan and stress test results to the Federal Reserve by 5 April, three months later than under the current rulemakings.

Comments on the proposed rule will be accepted until 11 August 2014.

The full text of the proposed rule is available at:

http://www.federalreserve.gov/newsevents/press/bcreg/bcreg20140612a1.pdf.