OCC Proposes Amendments to Annual Stress Test Rule

The Office of the Comptroller of the Currency ("OCC") invited comment on proposed amendments to the OCC's Annual Stress Test rule that would shift back the timing of the annual stress test cycle by approximately 90 days.Additionally, the amendments would clarify that institutions covered by the Annual Stress Test rule will not have to calculate their regulatory capital ratios using the Basel III advanced approaches until the stress testing cycle beginning January 1, 2016.

Comments are due 60 days after publication of the proposed rule in the Federal Register, which is expected shortly.

See: OCC Press Release.