United States:
OCC Adopts Amendments To Company-Run Stress Testing Requirements
23 October 2019
Cadwalader, Wickersham & Taft LLP
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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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