FOR IMMEDIATE RELEASE
March 15, 2013
Contact: Stephanie Collins
OCC Proposes Reporting Requirements for Annual Stress Test for Covered Institutions with Consolidated Assets of $10 Billion to $50 Billion
WASHINGTON — The Office of the Comptroller of the Currency (OCC) today published a notice of proposed information collection in the Federal Register seeking comment on annual stress test reporting.
Comments on the notice are requested by May 10, 2013.
Section 165(i)(2) of the Dodd-Frank Wall Street Reform and Consumer Protection Act requires certain financial companies with total consolidated assets between $10 and $50 billion, including national banks and federal savings associations, to conduct annual stress tests, and requires the primary financial regulatory agency of those financial companies to issue regulations implementing the stress test requirements. On October 9, 2012, the OCC published a final rulemaking implementing the section 165(i)(2) annual stress test requirements. The notice of proposed information collection published on March 11th describes the reports required in order for covered institutions with consolidated assets between $10 and $50 billion to meet the reporting requirements of section 165(i)(2). Copies of the reporting templates referenced in the notice may be found below.
The OCC previously published a separate proposal addressing the reports required to be filed by covered institutions with assets $50 billion and above on August 16, 2012.
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