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OCC Seeks Comment on Proposed Technical Changes to Annual Stress Test Rule

October 30, 2017 / Source: OCC

NR 2017-129
FOR IMMEDIATE RELEASE
October 27, 2017
Contact: William Grassano
(202) 649-6870

OCC Seeks Comment on Proposed Technical Changes to Annual Stress Test Rule

WASHINGTON — The Office of the Comptroller of the Currency (OCC) today announced it is seeking comment on a notice of proposed rulemaking amending the OCC’s Annual Stress Test rule. The proposed changes would make several technical revisions to the stress testing regulation.

The proposed rule would:

  • change the range of possible “as-of” dates used in the global market shock component of the annual stress tests to conform with rule revisions recently made by the Board of Governors of the Federal Reserve System,
  • extend the transition process for certain banks and savings associations that cross the $50 billion asset threshold, and
  • make several non-substantive changes to promote clarity.

Comments will be accepted for 60 days from the date of publication in the Federal Register.

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