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    OCC Proposes to Amend Stress Test Reporting Requirements for Banks

    January 28, 2021

    OCC is proposing revisions to the regulatory reporting requirements for stress testing of national banks and federal savings associations. The related information collection from OCC is the company-run annual stress test reporting template and documentation for covered Institutions with consolidated assets of USD 250 billion or more under the Dodd-Frank Act. OCC recognizes that FED had proposed and implemented modifications to the form on capital assessments and stress testing (FR Y-14A); to the extent practical, OCC will keep its reporting requirements consistent with those in FR Y-14A, to minimize burden on covered institutions. Therefore, OCC is proposing to revise its reporting requirements to mirror the FR Y-14A report of FED for covered institutions with total consolidated assets of USD 250 billion or more. The comment period on this proposal ends on March 29, 2021.

    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 (PPNR) metrics, as well as technical changes to various individual data items. The proposed changes to the reporting templates of OCC do not include data items in the FR Y-14A associated with several capital buffers related ratios, such as the stress capital buffer requirement of FED adopted in 2020. The proposal would remove the OCC Supplemental Schedule, which collects information not collected by the FR Y-14A. Comments submitted in response to the proposal will be summarized and included in the request for OMB approval.

     

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    Comment Due Date: March 29, 2021

    Keywords: Americas, US, Banking, Stress Testing, Dodd-Frank Act, FR Y-14, Reporting, CCAR, DFAST 14A, Basel, FED, OCC

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