April 02, 2018

OCC is soliciting comments on the renewal of its information collection titled, “Guidance on Stress Testing for Banking Organizations with more than USD 10 Billion in Total Consolidated Assets.” The guidance explains how a banking organization should structure its stress testing activities to ensure that these activities fit into the overall risk management of the organization. Comments must be submitted by June 01, 2018.

Each banking organization should have the capacity to understand its risks and the potential impact of stressful events and circumstances on its financial condition. In May 2012, OCC, along with FDIC and FED, had published guidance on the use of stress testing to better understand the range of potential risk exposures of a banking organization. OCC is now seeking to renew the information collection associated with that guidance. The guidance outlines broad principles for a satisfactory stress testing framework. While the guidance is not intended to provide detailed instructions for conducting stress testing for any particular risk or business area, it does describe several types of stress testing activities and how they may be most appropriately used by banking organizations. Additionally, the guidance does not explicitly address the stress testing requirements imposed on certain companies by section 165(i) of the Dodd-Frank Act.

 

Related Link: Federal Register Notice

Comment Due Date: June 01, 2018

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

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