CCAR changes spell supervision shift.

The article reports that the U.S. Federal Reserve is upgrading its 2016 stress test for large financial institutions to include the Basel Committee's principles on risk-data aggregation and reporting. It mentions on the Comprehensive Capital Analysis and Review (CCAR) which is Fed's method for testing whether the largest U.S. banks have enough capital to deal with economic and financial stress. It presents the views of Oliver Ireland, partner at law firm Morrison & Foerster, on the same.