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February 05, 2019

OCC released economic and financial market scenarios for use in the upcoming stress tests for covered institutions. The supervisory scenarios include baseline, adverse, and severely adverse scenarios, as described in the OCC’s final rule that implements stress test requirements of the Dodd-Frank Act. Covered institutions are required to complete reporting templates using financial information as of December 31 each year. OCC has also finalized the templates and instructions for the 2019 stress tests.

Covered institutions must publish a summary of the results of its annual stress test in the period starting June 15 and ending July 15 (for the stress test cycle beginning January 01, 2016 and for all stress tests thereafter). Unless OCC determines otherwise, if the covered institution is a consolidated subsidiary of a bank holding company or savings and loan holding company subject to supervisory stress tests conducted by FED pursuant to 12 CFR part 252, then within the June 15 to July 15 period such covered institution may not publish the required summary of its annual stress test earlier than the date that the FED publishes the supervisory stress test results of the covered bank's parent holding company.

Section 165(i)(2) of the Dodd-Frank Act requires certain financial companies, including certain national banks and federal savings associations, to conduct annual stress tests. The OCC stress test rule states that the OCC will provide scenarios to covered institutions by February 15 of each year. Covered institutions are required to use the scenarios to conduct annual stress tests. The results of the company-run stress tests provide the OCC with forward-looking information used in bank supervision and will assist the agency in assessing the company’s risk profile and capital adequacy.

 

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

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