Comment deadline for OCC stress test rule proposal
The Office of the Comptroller of the Currency has published at 84 FR 3345 a proposal to amend the OCC's company-run stress testing requirements for national banks and Federal savings associations, consistent with section 401 of the Economic Growth, Regulatory Relief, and Consumer Protection Act (EGRRCPA). Specifically, the proposed rule would revise the minimum threshold for national banks and Federal savings associations to conduct stress tests from $10 billion to $250 billion, revise the frequency by which certain national banks and Federal savings associations would be required to conduct stress tests, and reduce the number of required stress testing scenarios from three to two. The proposed rule would also make certain facilitating and conforming changes to the stress testing requirements.
This proposal was announced by the OCC in mid-December, but publication was delayed by the December-January partial government shutdown. Comments are due March 14, 2019.