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    OCC Proposes to Revise Stress Test Report and Instructions for Banks

    April 04, 2021

    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.

     

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    Comment Due Date: May 03, 2021

    Keywords: Americas, US, Banking, Reporting, Stress Testing, Dodd Frank Act, DFAST, DFAST 14A, Basel, Instructions, OCC

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