News Release 2017-129 | October 27, 2017
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.