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Friday, June 13, 2014

Fed, OCC Propose Shifting Stress Test Schedules

The Federal Reserve proposed shifting the timing of the annual stress test and capital planning cycle by three months.

Under the proposals, the planning and testing cycle beginning on Oct. 1 in a given year would be shifted to Jan. 1 of the following year, while submissions to the agencies would be due by April 5 for banks with over $50 billion in assets and July 31 for banks with $10-50 billion in assets. The new schedule would take effect with the 2015-16 planning cycle.

The OCC issued a related proposal, although its submission deadline would be April 7 for banks with over $50 billion in assets. The proposal will relieve covered banks of a requirement to finish stress tests and related reporting at “a time of year when these institutions have other year-end obligations,” the OCC said.

View the Fed’s proposal.
View the OCC’s proposal.

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