The OCC has released a process overview regarding annual stress test cycles for covered institutions.
The OCC explained that covered institutions will receive stress testing scenarios from the OCC by November 15. Institutions with assets over $50 billion will be required to submit an Annual Stress Test Report to the OCC and the Federal Reserve Board by January 5. This report would be required by March 31 for institutions with assets between $10 and $50 billion.
The OCC published in the Federal Register on October 9, 2012, a final rule implementing section 165(i) of the Dodd-Frank Act that requires certain companies to conduct annual stress tests. This rule requires national banks and federal savings associations with total consolidated assets over $10 billion to conduct an annual stress test as prescribed by the rule.