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OCC Releases Dodd-Frank Act Stress Test Scenarios for 2017

February 03, 2017 / Source: OCC

NR 2017-16
FOR IMMEDIATE RELEASE
February 3, 2017
Contact: William Grassano
(202) 649-6870


WASHINGTON—The Office of the Comptroller of the Currency (OCC) released economic and financial market scenarios that will be used in the upcoming stress tests for covered institutions with more than $10 billion in assets. The supervisory scenarios include baseline, adverse, and severely adverse scenarios, as described in the OCC’s final rule that implement stress test requirements of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 (DFA).
Section 165(i)(2) of the Dodd-Frank Act requires certain financial companies, including national banks and federal savings associations with total consolidated assets of more than $10 billion, to conduct annual stress tests. The OCC’s stress test rule states that the OCC will provide scenarios to covered institutions by February 15 of each year.
Covered institutions are required to use the scenarios to conduct annual stress tests. The results of the company-run stress tests provide the OCC with forward-looking information used in bank supervision and will assist the agency in assessing the company’s risk profile and capital adequacy.
The 2017 scenario and background information can be found on the OCC’s stress test website. The final policy statement on the development and distribution of the scenarios was issued on October 28, 2013, in the Federal Register.

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