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September 18, 2018

OCC is proposing renewal of the information collection associated with the guidance on stress testing for banking organizations with more than USD 10 billion in total consolidated assets. OCC has sent the information collection (OMB Control No 1557-0312) to OMB for review. Comments must be submitted on or before October 18, 2018.

The guidance provides an overview of how a banking organization should structure its stress testing activities to ensure that those activities fit into the banking organization's overall risk management. The guidance outlines broad principles for a satisfactory stress testing framework and describes the manner in which stress testing should be used. 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.

In addition, although the guidance does not at present explicitly address the stress testing requirements imposed on certain companies by section 165(i) of the Dodd-Frank Act, the guidance will be revisited as part of the OCC's implementation of the Economic Growth, Regulatory Relief, and Consumer Protection (EGRRCP) Act, which amended the Dodd-Frank Act to raise the threshold for national banks subject to stress testing from USD 10 billion to USD 250 billion in total consolidated assets, reduce the number of stress test scenarios, and revise the annual stress test requirement to a periodic requirement. There was insufficient time to address changes needed to the guidance prior to completing this renewal.

 

Related Link: Federal Register Notice

Comment Due Date: October 18, 2018

Keywords: Americas, US, Banking, Stress Testing, EGRRCP Act, Dodd Frank Act, Information Collection, OCC

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