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OCC Seeks Comment on Proposed Changes to Stress Test Rule
On Friday, October 27, 2017, the OCC announced it is seeking comment on a notice of proposed rulemaking amending the its Annual Stress Test rule. The proposal would make several technical revisions to the stress testing regulation, including
- Changing the range of possible “as-of” dates used in the global market shock component of the annual stress tests to conform with rule revisions recently made by the Board of Governors of the Federal Reserve System;
- Extending the transition process for certain banks and savings associations that cross the $50 billion asset threshold; and
- Making several non-substantive changes to promote clarity.
Comments will be accepted for 60 days from the date of publication in the Federal Register.