United States: OCC amends stress testing rule for national banks and federal savings associations
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The Office of the Comptroller of the Currency has amended stress testing requirements for national banks and federal savings associations.
The amendment, through a final rule, impacts stress testing requirements of the Dodd-Frank Wall Street Reform and Consumer Protection Act.
The final rule revises the minimum threshold for stress test from $10 billion to $250 billion, in addition to amending the frequency.
Also, the rule 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 becomes effective on November 24, 2019.
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