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Tuesday, June 2, 2015

Regulators Reiterate Disclosure Requirements for Stress Tests at Medium-Sized Banks

The Federal Reserve, FDIC and OCC released a joint statement reiterating the requirements for companies between $10 billion and $50 billion to publicly disclose DFA stress test results on an annual basis. The companies are required to disclose at minimum:
  1. A description of the types of risks included in the stress test.
  2. A summary description of the methodologies used in the stress test.
  3. Estimates of aggregate losses, pre-provision net revenue, provisions for loan and lease losses and net income.
  4. Pro forma regulatory capital ratios along with an explanation of the most significant causes for the changes in regulatory capital ratios.
Medium-sized companies are not subject to stress tests conducted by the agencies or the Federal Reserve’s annual CCAR.

Stress test results must be disclosed by the companies between June 15 and Jun 30.

Read more.

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