October 27, 2017

OCC is inviting comment on a proposed rule that would make several revisions to its stress testing rule. The Dodd-Frank Act requires that OCC and other federal primary financial regulatory agencies issue consistent and comparable regulations to implement the statutory stress testing requirement. Comments must be received on or before December 26, 2017.

The proposed rule would change the range of possible “as-of” dates used in the global market shock component to conform to changes recently made by FED to its stress testing regulations. The proposed rule would also change the transition process for covered institutions with USD 50 billion or more in assets. The proposed rule would change the term “over USD 50 billion covered institution” to “USD 50 billion or over covered institution.” The change would not alter the scope of this defined term and would not change the substantive requirements of the regulation. While the proposed rule would change the defined term “over $50 billion covered institution” to “$50 billion or over covered institution,” this supplementary information section will continue to use the defined term “over $50 billion covered institution,” since that is the term used in the current regulatory text. The proposed rule would also make certain technical changes to clarify the requirements of the OCC's stress testing regulation.

 

Related Link: Proposed Rule (PDF)

Comment Due Date: December 26, 2017

Keywords: Americas, US, Banking, Stress Testing, Dodd-Frank Act, Proposed Rule, OCC

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