Most Constraining CCAR; Who Is Building The Most?
The Comprehensive Capital Analysis and Review (CCAR) and the Dodd-Frank act stress test (DFAST) that goes with it assess banks on two different metric, excess capital and excess leverage. While a poor result on either metric can prevent a bank from going forward on its capital return plans, the two are far from equivalent and banks that were limited by leverage have a few more options than those that were limited by capital.
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