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Monday, August 27, 2012

Banking Regulators to Consider Delaying Stress Testing Requirements

The Federal Reserve, FDIC, and OCC have announced they are considering changes to the implementation timeline for the annual capital-adequacy stress tests required by section 165(i)(2) of the Dodd-Frank Act. The changes under consideration would delay implementation until September 2013 for covered institutions with total consolidated assets between $10 billion and $50 billion.

Under a proposed rule—approved on January 17, 2012—financial institutions with more than $10 billion in assets would have to conduct annual capital-adequacy stress tests. As proposed, the stress testing requirements would become effective immediately upon the issuance of a final rule. The proposed rule is still under consideration at this time.

Due to the large number of comments received on the proposed rule, the agencies are considering delaying the effective date of the rule to conduct the annual stress tests for institutions between $10 and $50 billion in assets. The delay would help ensure that all covered institutions have sufficient time to develop sound stress testing programs.

The final implementation timeline for all covered institutions will be specified in the final rule.

Read the Fed’s press release.

Read the FDIC’s press release.
Read the OCC’s press release.

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