The Comprehensive Capital Analysis and Review (CCAR) is an annual exercise carried by the Federal Reserve to assess whether the largest bank holding companies operating in the United States have sufficient capital to continue operations throughout times of economic and financial stress. It also helps to know that they have robust, forward-looking capital planning processes that account for their unique risks. Banks need to have the staff (CCAR specialists, CCAR analysts) those can help them to pass the CCAR stress test.
CCAR skills test enables employers to identify potential CCAR analysts by evaluating working skills and job readiness. For this reason, an emphasis is laid upon evaluating the knowledge of applied skills gained through real work experience, rather than theoretical knowledge. CCAR stress test is designed and developed by global subject matter experts (SME)s to assess the fundamental knowledge of CCAR specialists related to CCAR framework - as per industry standards.
Thus, online CCAR test helps recruiters and hiring managers to evaluate the expertise of candidates in Comprehensive Capital Analysis and Review (CCAR) stress testing. Screen under-qualified candidates using our scientifically designed CCAR stress assessment test and spend time interviewing only relevant candidates.
The reports are generated instantly. The hiring analytics will provide you the detailed analysis of skills related strengths and weaknesses of the candidates that will help you in making better hiring decisions.
You are the CEO of an investment bank based out of New York, USA. As per the guidelines of the Federal Reserve Bank, USA, your bank is eligible and is required to conduct CCAR stress testing every year. In which of the following cases, the data required to perform the testing using the simplified supervisory formula approach must not be older than three months?
Note: There can be multiple correct answers to this question.
Options