FRB, FDIC and OCC: Changes to the Implementation Timeline for the Dodd-Frank Company-Run Stress Test Requirements Are Now under Consideration
The Federal Reserve, the OCC and the FDIC have announced that they are considering changes to the implementation timeline for the annual company-run stress test requirements mandated by the Dodd-Frank Act. Additional details as to the timing for Dodd-Frank stress test requirements will be included in forthcoming final rules. For institutions with between $10 billion and $50 billion in total consolidated assets, which are regulated by these agencies, the changes under consideration would delay implementation until September 2013.
Additional Materials: 2012 Banking and Consumer Regulatory Policy (FRB); Notice of Proposed Rulemaking (OCC).