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OCC stress testing rule amended
The OCC has announced a final rule amending its stress testing rule consistent with section 401 of the Economic Growth, Regulatory Relief, and Consumer Protection Act.
The final rule, which has not yet been published in the Federal Register, revises the minimum threshold for national banks and federal savings associations to conduct stress tests from $10 billion to $250 billion; revises the frequency with which certain national banks and federal savings associations are required to conduct stress tests; reduces the number of required stress testing scenarios from three to two; and makes certain additional technical changes to the stress testing requirements. The final rule, which affects 12 CFR part 46, will become effective November 24, 2019.