OCC Proposes to Revise Company-Run Annual Stress Test Reporting Form

The modifications include changes to accommodate the revised asset threshold necessitated by Economic Growth, Regulatory Relief, and Consumer Protection (EGRRCP) Act and the removal of the Retail Repurchase worksheet and various clarifications in the instructions. In addition to these changes that parallel FED's changes to the FR Y-14A, OCC is also removing or modifying certain items on the OCC Supplemental Schedule, which collects additional information not included in the FR Y-14A.

OCC recognizes that many covered institutions are required to submit reports using Comprehensive Capital Analysis and Review (CCAR) reporting form FR Y-14A. OCC also recognizes that FED has modified the FR Y-14A and, to the extent practical, OCC has kept its reporting requirements consistent with the FED's FR Y-14A in an effort to minimize burden on covered institutions. Therefore, OCC is revising its reporting requirements to mirror the FED's proposed FR Y-14A for covered institutions. The estimated number of respondents for this information collection is eight. Additionally, OCC, in coordination with FED and FDIC, is in the process of revising its stress testing regulation to incorporate EGRRCP Act's amendments.

Related Links

• Proposal in Federal Register
• Reporting Updates

Comment Due Date: March 04, 2019

Keywords: Americas, US, Banking, Stress Testing, EGRRCP Act, FR Y-14A, Reporting, OCC