Proposed revisions to FDIC requirements for stress testing supervised institutions were published in the Federal Register. The proposed revisions would revise the FDIC stress testing requirements to be consistent with Section 401 of the Economic Growth, Regulatory Relief and Consumer Protection Act. Comments on the proposed rule must be submitted by February 19, 2019. As previously covered, the proposed rule would: amend the FDIC's existing stress testing regulations to increase the minimum threshold for applicability from $10 billion to $250 billion ( i.e., by eliminating two subcategories

FINRA updated the Supplemental Statement of Income ("SSOI") to conform with SEC rule amendments that "simplify and update certain of the FOCUS reporting requirements for broker-dealers." The updated SSOI will go into effect beginning with SSOI filings for the period from January 1 to March 31, 2019, which are due to be filed by April 26, 2019.

The Federal Reserve Board ("FRB") proposed a rule amending the FRB's company-run stress test and supervisory stress test rules, consistent with Section 401 of the Economic Growth, Regulatory Relief and Consumer Protection Act. According to the FRB Notice of Proposed Rulemaking, the proposed amendments would: revise the minimum threshold for state member banks to conduct stress tests from $10 billion to $250 billion; revise the frequency with which state member banks with assets greater than $250 billion would be required to conduct stress tests; remove the adverse scenario from the list of

Nellie Liang, President Donald J. Trump's nominee for a seat on the Federal Reserve Board, withdrew her name from consideration. President Trump announced his intent to nominate Ms. Liang in September. Ms. Liang is a Senior Fellow in Economic Studies at the Brookings Institution, and a Visiting Scholar at the Monetary and Capital Markets Department of the International Monetary Fund.

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