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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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.
5 billion regulatory Supervisory Capital Assessment Program requirement, including the addition of approximately $2.
Treasury and our regulators to gain approval to repay the TARP capital, including passing the Supervisory Capital Assessment Program, or 'stress test,' issuing senior unsecured, non-FDIC guaranteed debt, issuing new common equity and finally, submitting a comprehensive plan to maintain our historically strong capital levels.
In early May, American Express received a final report from the Federal Reserve Board's Supervisory Capital Assessment Program that there would be "no capital need" under the more adverse economic scenario modeled in the assessment.
5 billion Tier 1 common equity requirement prescribed by the Federal Reserve's Supervisory Capital Assessment Program ("SCAP.
The Supervisory Capital Assessment Program (stress test) conducted by the Federal Reserve and other bank supervisors determined that many of the above mentioned institutions must build common equity.
Vikram Pandit, Chief Executive Officer, and Ned Kelly, Chief Financial Officer, will host a teleconference and live webcast on Thursday, May 7, 2009 at 6:00 PM (EDT) to discuss results from the Supervisory Capital Assessment Program and provide an update on the timing of the previously announced public exchange offer.
BOSTON -- State Street Corporation (NYSE:STT), today announced that the Board of Governors of the Federal Reserve System has determined that, under the stress test administered under The Supervisory Capital Assessment Program (SCAP), State Street does not need additional capital.
Estimates provided by Wells Fargo to federal banking regulatory agencies as part of the Supervisory Capital Assessment Program (SCAP) reflect a hypothetical "what-if" scenario based on assumptions (1) contained in the SCAP and described in "The Supervisory Capital Assessment Program: Design and Implementation," dated April 24, 2009, and (2) as determined between federal banking regulatory agencies and Wells Fargo.
NEW YORK -- American Express said today that it has received a final report from the Federal Reserve which concludes that there would be "no capital need" under the assumptions used by the Supervisory Capital Assessment Program.
NEW YORK -- Vikram Pandit, Chief Executive Officer, and Ned Kelly, Chief Financial Officer, will host a teleconference and live webcast on Thursday, May 7, 2009 at 6:00 PM (EDT) to discuss results from the Supervisory Capital Assessment Program and provide an update on the timing of the previously announced exchange offers.
Eastern Time) on May 7, 2009 to discuss results from the Supervisory Capital Assessment Program (SCAP).

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