OCC Proposes to Renew Information Collection on Stress Test Rule
OCC proposed to renew the information collection titled “Annual Stress Test Rule,” for which the comments must be received by February 04, 2019. The proposed information collection is associated with the form FFIEC 016 on the Annual Dodd-Frank Act Company-Run Stress Test Report for depository institutions and holding companies with USD 10 to 50 billion in consolidated assets.
Section 165(i)(2) of the Dodd-Frank Act requires certain financial companies, including national banks and federal savings associations, to conduct annual stress tests and requires the primary financial regulatory agency of those financial companies to issue regulations implementing the stress test requirements. Each covered institution is required to annually report to OCC and FED the results of the stress test in the time, manner, and form specified by OCC. The estimated number of respondents for this information collection is 61.
Related Link: Proposed Rule in Federal Register
Comment Due Date: February 04, 2019
Keywords: Americas, US, Banking, Stress Testing, Dodd Frank Act, DFAST, FFIEC 016, Reporting, OCC
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