The FDIC, OCC, and Federal Reserve Board (“FRB”) are seeking comment on proposed supervisory guidance describing supervisory expectations for stress tests conducted by financial companies with total consolidated assets between $10 billion and $50 billion. These medium-sized companies are required to conduct stress tests beginning in the fall under agency-issued rules implementing a provision of the Dodd-Frank Act. The public comment period will be open until September 25, 2013.
See: Proposed Supervisory Guidance.
See also: FDIC Press Release; OCC Press Release; FRB Press Release.