The OCC adopted a final rule to amend the agency's company-run stress testing requirements for national banks and federal savings associations. The final rule - which is unchanged from the proposal - will:
- raise the minimum threshold for national banks and federal savings associations to conduct stress tests from $10 billion to $250 billion;
- reduce the frequency with which certain banks will be obligated to conduct stress tests; and
- cut the number of required stress testing scenarios from three to two.
The amended requirements will become effective on November 24, 2019.
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The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
