OCC Proposes to Revise Stress Test Report and Instructions for Banks
OCC had proposed, on January 28, 2021, to revise regulatory reporting requirements for the company-run annual Dodd-Frank Act Stress Test (DFAST) reporting template and instructions for covered institutions with consolidated assets of USD 250 billion or more; it is now seeking comment on the final version of those revisions. The proposal would incorporate changes to mirror the requirements in the form FR Y-14A of FED, as applicable for covered institutions with consolidated assets of USD 250 billion or more. The proposal is relevant for national banks and federal savings associations and the comment period on the proposal ends on May 03, 2021. OCC has also submitted the collection to OMB for review.
The proposed changes include updates to various schedules to reflect the adoption of the tailoring framework used to determine the applicability of regulatory capital requirements to large U.S. banking organizations. Other changes include removing the worksheet for reporting advanced approaches risk-weighted assets and the worksheet for reporting pre-provision net revenue metrics as well as technical changes to various individual data items. The changes remove certain items that are collected from FED-regulated institutions but that will not be required from national banks and federal savings associations. The changes remove OCC Supplemental Schedule, which collects information not collected by the FR Y-14A. However, the changes to the reporting templates of OCC do not include data items in the FR Y-14A that are associated with several capital buffers related ratios, such as the FED stress capital buffer requirement adopted in 2020. OCC had announced earlier that Category III banks are not required to submit stress testing data to OCC in the 2021 DFAST reporting year, though these banks will be required to submit data again in 2022.
Related Links
Comment Due Date: May 03, 2021
Keywords: Americas, US, Banking, Reporting, Stress Testing, Dodd Frank Act, DFAST, DFAST 14A, Basel, Instructions, OCC
Featured Experts

Laurent Birade
Advises U.S. and Canadian financial institutions on risk and finance integration, CCAR/DFAST stress testing, IFRS9 and CECL credit loss reserving, and credit risk practices.

James Partridge
Credit analytics expert helping clients understand, develop, and implement credit models for origination, monitoring, and regulatory reporting.

María Cañamero
Skilled market researcher; growth strategist; successful go-to-market campaign developer
Previous Article
Dubai FSA Updates and Introduces Rulebook Modules for BanksRelated Articles
EC Consults on PSD2 and Open Finance; EU Reaches Agreement on DORA
The European Commission (EC) published a public consultation on the review of revised payment services directive (PSD2) and open finance.
EC Mandates ESAs to Propose Amendments to SFDR Technical Standards
The European Commission (EC) has issued two letters mandating the European Supervisory Authorities (ESAs) to jointly propose amendments to the regulatory technical standards under Sustainable Finance Disclosure Regulation or SFDR.
EBA Examines Supervisory Practices, Issues Deposits Reporting Template
The European Banking Authority (EBA) published its annual report on convergence of supervisory practices for 2021. Additionally, following a request from the European Commission (EC),
US Agency Publications Address Basel, Reporting, and CECL Developments
The Farm Credit Administration published, in the Federal Register, the final rule on implementation of the Current Expected Credit Losses (CECL) methodology for allowances
SEC Extends Comment Period on Climate Risk Disclosures
The U.S. Securities and Exchange Commission (SEC) looks set to intensify focus on crypto-assets and cyber risk and extended the comment period on the proposed rules to enhance and standardize climate-related disclosures for investors.
APRA Reduces Committed Liquidity Facility, Issues Other Updates
The Australian Prudential Regulation Authority (APRA) announced reduction in the aggregate Committed Liquidity Facility and issued an update on the operational preparedness for zero and negative market interest rates.
CMF Consults on Basel Rules, Presents Roadmap to Address Climate Risks
The Commission for the Financial Market (CMF) in Chile published capital adequacy ratios (as of February 2022, January 2022, and December 2021) for 17 banks and for the banking system.
PRA Issues Statement on NPEs and Policy on Trading Activity Wind-Down
The Prudential Regulation Authority (PRA) issued a statement on the European Banking Authority (EBA) guidelines on management of non-performing exposures (NPEs) and forborne exposures.
EBA Updates Standards for 2023 Benchmarking of Internal Approaches
The European Banking Authority (EBA) updated the implementing technical standards that specify the data collection for the 2023 supervisory benchmarking exercise in relation to the internal approaches used in market risk, credit risk, and IFRS 9 accounting.
EIOPA Responds to Stakeholder Views on Blockchain in Insurance
The European Insurance and Occupational Pensions Authority (EIOPA) published a feedback statement on the responses received to the consultation on blockchain and smart contracts in insurance.