Supervisory Capital Assessment Program


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Supervisory Capital Assessment Program

Supervisory Capital Assessment Program

A program in the United States that conducted assessments of the capital adequacy of bank holding companies under two different scenarios. Bank holding companies in the United States with assets worth more than $100 billion were tested in 2009. The first scenario assumed generally accepted macroeconomic conditions for 2009 and 2010, while the second made pessimistic assumptions. The program was intended to determine banks' likelihood of failure in the event of a financial crisis.
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at 31-32 (quoting Eric Talley & Johan Walden, The Supervisory Capital Assessment Program: An Appraisal 2 (2009), available at http://cop.senate.gov/documents/cop-060909-report.pdf (annex to section one of report)).
RESERVE SYS., REVISED TEMPORARY ADDENDUM TO SR LETTER 09-4: DIVIDEND INCREASES AND OTHER CAPITAL DISTRIBUTIONS FOR THE 19 SUPERVISORY CAPITAL ASSESSMENT PROGRAM BANK HOLDING COMPANIES 1 (2009), available at http://www.federalreserve.gov/newsevents/press/bcreg/bcreg20101117b1.pdf [hereinafter REVISED TEMPORARY ADDENDUM TO SR LETTER 09-4].
Box 1 The Supervisory Capital Assessment Program (SCAP) 2009 and the EU-wide stress test 2010 The Supervisory Capital Assessment Program 2009 (SCAP) In spring 2009, the US authorities conducted a stress test of the 19 largest US bank holding companies.
Notably, the Treasury's Supervisory Capital Assessment Program places an emphasis on such analysis and the consideration of plausible adverse scenarios.
In the keynote address on the opening day of the Atlanta Fed's Financial Markets Conference, Federal Reserve Board Chairman Ben Bernanke detailed how the federal banking supervisory agencies conducted the Supervisory Capital Assessment Program (SCAP), also known as stress tests of the nation's 19 largest banking companies.
This white paper is intended to assist analysts and other interested parties in understanding the results of the Supervisory Capital Assessment Program, which is expected to be released in early May.

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