February 15, 2019

FED has published in the Federal Register a notice proposing amendments to the company run and supervisory stress test rules. This notice on proposed rule was published on February 14, 2019 and, originally, the comments on this proposal were due by February 19, 2019. However, FED has now extended the comment period until March 21, 2019, to allow interested persons more time to analyze the issues and prepare their comments.

The proposed amendments are consistent with section 401 of the Economic Growth, Regulatory Relief, and Consumer Protection Act (EGRRCP Act). The resulting reporting changes would impact form FR Y-14 on on the capital assessments and stress testing (FR Y-14; OMB No. 7100-0341). The proposed rule would:

  • Revise the minimum threshold for state member banks to conduct stress tests from USD 10 billion to USD 250 billion
  • Revise the frequency with which state member banks with assets greater than USD 250 billion would be required to conduct stress tests
  • Remove the adverse scenario from the list of required scenarios
  • Make conforming changes to FED's company run and supervisory stress test requirements for bank holding companies, U.S. intermediate holding companies of foreign banking organizations, and nonbank financial companies supervised by the Board, the Board's Policy Statement on the Scenario Design Framework for Stress Testing, and the stress testing requirements for certain savings and loan holding companies that were proposed for public comment on October 31, 2018
  • Revise the scope of applicability of the company run stress testing requirements for certain savings and loan holding companies that were proposed for public comment on October 31, 2018

 

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Comment Due Date: March 21, 2019

Keywords: Americas, US, Banking, Stress Testing, CCAR, DFAST, EGRRCP Act, Reporting, FR Y-14, FED

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