Supervisory Guidance on Stress Testing for Banking Organizations With More Than $10 Billion in Total Consolidated Assets (Federal Reserve, FDIC, OCC -- Joint Guidance)

The Federal Reserve Board, FDIC and OCC are issuing this guidance, which outlines high-level principles for stress testing practices, applicable to all Federal Reserve-supervised, FDIC-supervised, and OCC-supervised banking organizations with more than $10 billion in total consolidated assets. The guidance highlights the importance of stress testing as an ongoing risk management practice that supports a banking organization's forward-looking assessment of its risks and better equips the organization to address a range of adverse outcomes.

Effective Date: This guidance will become effective on July 23, 2012.

Cross References: Dodd-Frank Section 165

View release in full here.