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.

Related Links

• Federal Register Notice (PDF)
• OCC Bulletin 2017-45 Annual Stress Test: Notice of Proposed Rulemaking—Technical and Conforming Changes