Company-Run Stress Testing Requirements for FDIC-Supervised State Nonmember Banks and State Savings Associations

Title:
Company-Run Stress Testing Requirements for FDIC-Supervised State Nonmember Banks and State Savings Associations
Subject: Stress testing
Agency: FDIC
Status: Final rule
Summary:
The Federal Deposit Insurance Corporation (FDIC) is adopting a final rule to amend the FDIC’s company-run stress testing regulations applicable to state nonmember banks and state savings associations, consistent with section 401 of the Economic Growth, Regulatory Relief, and Consumer Protection Act (EGRRCPA). Specifically, the final rule revises the minimum threshold for applicability from $10 billion to $250 billion, revises the frequency of required stress tests by FDIC-supervised institutions, and reduces the number of required stress testing scenarios from three to two. The final rule also makes certain conforming and technical changes.
FR Doc: 2019-23036
Date proposed: Dec. 18, 2018
Comments due date:

Feb. 19, 2019

Final rule effective date: Nov. 25, 2019
Rule compliance date:
Agency release: FDIC Issues Notice of Proposed Rulemaking: Company-Run Stress Testing Requirements for FDIC-supervised State Nonmember Banks and State Savings Associations
Related Reg Report item(s):

Existing stress testing regulations would change – and be EGRRCPA-compatible — under agency proposal

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