The Office of the Comptroller of the Currency (“OCC”) proposed amending the OCC’s company-run stress testing requirements for national banks and federal savings associations. The proposal is consistent with section 401 of the Economic Growth, Regulatory Relief and Consumer Protection Act. Comments on the proposal must be submitted by March 14, 2019.
The proposal would, among other things:
- increase 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 would be obligated to conduct stress tests; and
- cut the number of required stress testing scenarios from three to two.