OCC Seeks Comment on Proposed Changes to Stress Test Rule

October 27, 2017

On Friday, October 27, 2017, the OCC announced it is seeking comment on a notice of proposed rulemaking amending the its Annual Stress Test rule. The proposal would make several technical revisions to the stress testing regulation, including

  • Changing the range of possible “as-of” dates used in the global market shock component of the annual stress tests to conform with rule revisions recently made by the Board of Governors of the Federal Reserve System;
  • Extending the transition process for certain banks and savings associations that cross the $50 billion asset threshold; and
  • Making several non-substantive changes to promote clarity.

 

Comments will be accepted for 60 days from the date of publication in the Federal Register.