United States:
FRB Approves 2019 Capital Plans For All Major Banks
11 July 2019
Cadwalader, Wickersham & Taft LLP
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The Federal Reserve Board ("FRB") approved the capital plans for all 18 of the
largest U.S. banking firms under its yearly Comprehensive Capital
Analysis and Review ("CCAR"). CCAR is an assessment of
the capital adequacy and capital planning of large bank holding
companies.
The FRB did not object to any of the firms on quantitative or
qualitative grounds regarding their ability to maintain adequate
capital in the event of market stress. However, one of the banks
was directed to review its capital adequacy process.
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