OCC Seeks to Renew Information Collection on Stress Testing Guidance

The purpose of the guidance is to outline broad principles for a satisfactory stress testing framework and describe how stress testing should be used. The guidance is not intended to provide detailed instructions for conducting stress testing for any particular risk or business area; however, it  describes several types of stress testing activities and how they may be most appropriately used by banking organizations. The guidance also does not explicitly address the stress testing requirements imposed on certain banking organizations by section 165(i) of the Dodd-Frank Act. Comments are invited on:

• Whether the collections of information are necessary for the proper performance of the OCC's functions, including whether the information has practical utility
• The accuracy of the OCC's estimates of the burden of the information collections, including the validity of the methodology and assumptions used
• Ways to enhance the quality, utility, and clarity of the information to be collected
• Ways to minimize the burden of information collections on respondents, including through the use of automated collection techniques or other forms of information technology
• Estimates of capital or start-up costs and costs of operation, maintenance, and purchase of services to provide information

Related Link: Federal Register Notice

Comment Due Date: September 13, 2021

Keywords: Americas, US, Banking, Stress Testing, Information Collection, Dodd-Frank Act, Guidance, DFAST, OCC