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Figure: Illustration of stress capital buffer. (All capital ratios presented are common equity tier 1 ratios with standardized approach RWAs.) The left side of the figure illustrates "Current capital requirements" with a stack of four text boxes: "4.5% minimum," "2.5% capital conservation buffer," "GSIB surcharge," and "Counter-cyclical capital buffer." In the middle of the figure, a similar stack of text boxes with a dashed outline illustrates "Capital requirements: stress capital buffer." The difference from the current capital requirements is the second text box, emphasized in red: in place of "2.5% capital conservation buffer," there is "Stress capital buffer: CCAR stress test results (minimum 2.5%)." The right side of the figure consists of a line chart entitled, "CCAR stress test results." The x-axis represents time, and is labeled "Start," "Q1," "Q2," … "Q9." A dashed horizontal line represents the 4.5% minimum. Strictly above the dashed line, a red curve represents the projected CET1 ratio in the CCAR stress test. It begins at its "Starting ratio," which is relatively high compared to the rest of the curve. The curve decreases quickly for the first couple quarters, then less quickly, and reaches its "Minimum ratio" around Q5. The curve then begins to increase, gradually at first, for the remaining quarters. The difference between the starting and minimum ratio is the stress capital buffer.