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April 02, 2018

FDIC is proposing several revisions to the stress testing regulation, which are consistent with the changes made by FED and OCC to their respective stress testing regulations. Comments must be received by June 01, 2018.

Under the proposed rule, a covered bank that becomes an over USD 50 billion covered bank on or before September 30 would become subject to the requirements applicable to an over USD 50 billion covered bank beginning on January 01 of the second calendar year after the covered bank becomes an over USD 50 billion covered bank. A covered bank that becomes an over USD 50 billion covered bank after September 30 would become subject to the requirements applicable to an over USD 50 billion covered bank beginning on January 01 of the third calendar year after the covered bank becomes an over USD 50 billion covered bank. The proposed rule would:

  • Change the defined term “over USD 50 billion covered bank” to “USD 50 billion or over covered bank”
  • Change the transition process for covered banks that become over USD 50 billion covered banks
  • Change the range of possible “as-of” dates used in the trading and counterparty position data stress testing component
  • Make technical changes to clarify the requirements of the FDIC stress testing regulation and to eliminate obsolete provisions

In 2014, FDIC, in coordination with FED and OCC, had shifted the dates of the annual stress testing cycle by approximately three months, from October 01 to January 01. The stress testing regulation of FDIC continues to include transition language to facilitate this prior schedule shift. Since transition to the new schedule is now complete, the proposed rule would remove this obsolete transition language.

 

Related Link: Proposed Rule

Comment Due Date: June 01, 2018

Keywords: Americas, US, Banking, Stress Testing, Dodd-Frank Act, DFAST, FED, OCC, FDIC

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