The OCC has also announced publication of its final rule regarding company-run stress testing required by the Dodd-Frank Act. The rule applies to covered institutions with average total consolidated assets greater than $10 billion.
The final rule requires institutions with average total consolidated assets of $50 billion or greater to begin conducting annual stress tests this year, although the OCC reserves authority to delay implementation on a case-by-case basis where warranted. These institutions will use their data as of September 30, 2012, to conduct the stress test. Stress test results must be reported to the OCC in early January 2013.
The OCC rule delays implementation for covered institutions with total consolidated assets between $10 billion and $50 billion until October 2013.
Read the OCC’s Stress Test Final Rule.