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DFAST reform would negatively impact 75% of tested banks

Created at 6 Jul · 3:40 AM1 source↑ Market-relevant
IN SHORT

Analysis indicates that nearly three-quarters of banks tested in both 2025 and 2026 would face higher capital depletion under the Federal Reserve's proposed DFAST averaging reform. The proposal alters the stress capital buffer calculation by averaging results over two years.

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Key Numbers

75%of tested banks negatively impacted by DFAST reform
16 of 22lenders facing higher CET1 depletion
2 yearsaveraging period for stress-test results
April 17, 2025date of reform proposal publication

Who's Involved

Federal Reserve
proposed the DFAST averaging reform
Risk Quantum
conducted analysis on DFAST results

↳ Why This Matters

The proposed DFAST averaging reform could lead to increased capital requirements for a large number of banks, potentially impacting their lending capacity and overall financial stability.

Key facts

  • Nearly 75% of banks tested in both 2025 and 2026 DFAST would be worse off under the proposed averaging reform.
  • The reform would alter the stress capital buffer calculation by averaging stress-test results over two years.
  • The proposal was published by the Federal Reserve on April 17, 2025.

A proposed reform by the Federal Reserve concerning the Dodd-Frank Act stress tests (DFAST) would negatively affect a significant majority of participating banks. According to an analysis by Risk Quantum, approximately 75% of lenders tested in both 2025 and 2026 would experience higher capital depletion if the new averaging method were applied.

The reform, detailed in a proposal published on April 17, 2025, aims to modify the calculation of the stress capital buffer (SCB). This adjustment involves averaging a firm's stress-test results over a two-year period, a change that appears to disadvantage a substantial portion of the tested institutions.

Frequently asked questions

DFAST refers to the Dodd-Frank Act stress tests, which are conducted by the Federal Reserve to assess whether large banks have sufficient capital to absorb losses and continue lending during severe economic downturns.

The stress capital buffer is an additional amount of capital that banks must hold, determined by their performance in stress tests, to ensure they can withstand adverse economic conditions.

The reform suggests calculating the stress capital buffer by averaging a bank's stress test results over two consecutive years, rather than using a single year's results.

What Happens Next

01The Federal Reserve is expected to finalize the DFAST averaging reform proposal.

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How It Developed

A proposed Federal Reserve reform to the Dodd-Frank Act stress tests (DFAST) would negatively impact most participating banks.
Analysis shows 16 out of 22 lenders tested in both 2025 and 2026 would face higher CET1 depletion under the proposed averaging reform.
The reform, published April 17, 2025, would change the stress capital buffer calculation by averaging firms' stress-test results over two years.

Sources

T1
DFAST averaging reform would hit 75% of tested banksRisk.net

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