Proposed Rule2025-21087
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; Extension of Comment Period
Primary source
Metadata and text below are from the Federal Register, a public-domain U.S. government work. Always verify the official published version before relying on it for any legal matter.
Published
November 25, 2025
Issuing agencies
Federal Reserve System
Abstract
On November 18, 2025, the Board published in the Federal Register a request for public comment on the models used to conduct the Board's supervisory stress test, changes to those models to be implemented in the 2026 stress test, and proposed changes to enhance the transparency and public accountability of the Board's stress testing framework (the proposal). The Board has determined that an extension of the comment period until February 21, 2026, is appropriate.
Full Text
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<title>Federal Register, Volume 90 Issue 225 (Tuesday, November 25, 2025)</title>
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[Federal Register Volume 90, Number 225 (Tuesday, November 25, 2025)]
[Proposed Rules]
[Page 53238]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2025-21087]
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Proposed Rules
Federal Register
________________________________________________________________________
This section of the FEDERAL REGISTER contains notices to the public of
the proposed issuance of rules and regulations. The purpose of these
notices is to give interested persons an opportunity to participate in
the rule making prior to the adoption of the final rules.
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Federal Register / Vol. 90, No. 225 / Tuesday, November 25, 2025 /
Proposed Rules
[[Page 53238]]
FEDERAL RESERVE SYSTEM
12 CFR Parts 225, 238, and 252
[Regulations Y, LL, and YY; Docket No R-1873]
RIN 7100-AH05
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; Extension of Comment
Period
AGENCY: Board of Governors of the Federal Reserve System (Board).
ACTION: Notice of Proposed Rulemaking; extension of comment period.
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SUMMARY: On November 18, 2025, the Board published in the Federal
Register a request for public comment on the models used to conduct the
Board's supervisory stress test, changes to those models to be
implemented in the 2026 stress test, and proposed changes to enhance
the transparency and public accountability of the Board's stress
testing framework (the proposal). The Board has determined that an
extension of the comment period until February 21, 2026, is
appropriate.
DATES: Comments must be received on or before February 21, 2026.
ADDRESSES: You may submit comments, identified by Docket No. R-1873 and
RIN 7100-ah05, by any of the following methods:
<bullet> Agency website: <a href="https://www.federalreserve.gov/apps/proposals/">https://www.federalreserve.gov/apps/proposals/</a>. Follow the instructions for submitting comments, including
attachments. Preferred Method.
<bullet> Email: <a href="/cdn-cgi/l/email-protection#74040116181d17171b1919111a0007341206165a131b02"><span class="__cf_email__" data-cfemail="fe8e8b9c92979d9d9193939b908a8dbe988c9cd0999188">[email protected]</span></a>. You must include the docket
number and RIN in the subject line of the message.
<bullet> Fax: (202) 452-3819 or (202) 452-3102.
<bullet> Mail, Courier and Hand Delivery: Benjamin W. McDonough,
Deputy Secretary, Board of Governors of the Federal Reserve System,
20th Street and Constitution Avenue NW, Washington, DC 20551.
Instructions: All public comments are available from the Board's
website at <a href="https://www.federalreserve.gov/apps/proposals/">https://www.federalreserve.gov/apps/proposals/</a> as submitted,
unless modified for technical reasons. Accordingly, comments will not
be edits to remove any identifying or contact information. Public
comments may also be viewed electronically or in paper form in Room M-
4365A, 2001 C Street NW, Washington, DC 20551, between 9:00 a.m. and
5:00 p.m. on federal weekdays. For security reasons, the Board requires
that visitors make an appointment to inspect comments. You may do so by
calling (202) 452-3684. Upon arrival, visitors will be required to
present valid government-issued photo identification and to submit to
security screening in order to inspect and photocopy comments. For
users of TTY-TRS, please call 711 from any telephone, anywhere in the
United States.
FOR FURTHER INFORMATION CONTACT: Doriana Ruffino, Assistant Director
(202) 452-5235, Hillel Kipnis, Assistant Director, (202) 452-2924, John
Simone, Lead Financial Institution Policy Analyst, (202) 245-4256, Ben
Ranish, Principal Economist, (202) 973-6964, Nathan Palmer, Senior
Economist, (202) 785-6089, and Theo Pistner, Financial Institution and
Policy Analyst II, (202) 941-1825, Division of Supervision and
Regulation; William Bassett, Senior Associate Director, (202) 736-5644,
Bora Durdu, Deputy Associate Director, (202) 452-3755, Elena
Afanasyeva, Principal Economist, (202) 736-1971, Levent Altinoglu,
Principal Economist, (202) 721-4503, and Sam Jerow, Senior Financial
Analyst, (202) 245-4299, Division of Financial Stability; Asad Kudiya,
Associate General Counsel, (202) 360-6887, Julie Anthony, Senior
Special Counsel, (202) 658-9400, Jonah Kind, Senior Counsel, (202) 452-
2045, Brian Kesten, Senior Counsel (202) 843-4079, Katherine Di Lucido,
Senior Attorney (202) 253-5994, Legal Division. Board of Governors of
the Federal Reserve System, 20th Street and Constitution Avenue NW,
Washington, DC 20551. For users of TDD-TYY, please call 711 from any
telephone, anywhere in the United States.
SUPPLEMENTARY INFORMATION: On November 18, 2025, the Board published in
the Federal Register a proposal inviting public comment on the models
used to conduct the Board's supervisory stress test, changes to those
models to be implemented in the 2026 stress test, and proposed changes
to enhance the transparency and public accountability of the Board's
stress testing framework.\1\ The proposal stated that the comment
period would close on January 22, 2026. The Board has received requests
to extend the comment period. An extension of the comment period will
provide additional opportunity for the public to consider the proposal
and prepare comments, including to address the questions posed by the
Board. Therefore, the Board is extending the end of the comment period
for the proposal from January 22, 2026, to February 21, 2026.
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\1\ Board, 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, 90 FR 51856
(November 18, 2025), <a href="https://www.federalregister.gov/documents/2025/11/18/2025-20211/enhanced-transparency-and-public-accountability-of-the-supervisory-stress-test-models-and-scenarios">https://www.federalregister.gov/documents/2025/11/18/2025-20211/enhanced-transparency-and-public-accountability-of-the-supervisory-stress-test-models-and-scenarios</a>.
By order of the Board of Governors of the Federal Reserve
System, acting through the Secretary of the Board under delegated
authority.
Benjamin W. McDonough,
Deputy Secretary of the Board.
[FR Doc. 2025-21087 Filed 11-24-25; 8:45 am]
BILLING CODE 6210-01-P
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