Online reports that the Federal Reserve is refining its reform plan for stress testing of large banks and has submitted a proposal for public comment that will calculate two-year average results. The Fed said it intends to delay the effective date of its annual stress capital buffer requirement from October 1 to January 1 next year to give banks more time to adapt to the new capital requirements. The proposal would also "make targeted changes to simplify data collection related to board stress testing." The Fed said the planned reforms were not intended to have a material impact on capital requirements.