The Federal Reserve released a paper on Monday detailing its "expectations for internal capital planning at large bank holding companies" and describing the "range of practices it has observed at these companies during the past three Comprehensive Capital Analysis and Review (CCAR) exercises." The paper, "Capital Planning at Large Bank Holding Companies: Supervisory Expectations and Range of Current Practice," determined that such firms need to improve several aspects of their capital planning processes, including "their accounting for risks most relevant to the specific business activities, their methods of projecting the effect of certain stresses on their capital needs, and their governance of the capital planning processes." For more, read the full press release and report.