OCC Releases Proposed Rulemaking to Amend Annual Stress Test Rule
WASHINGTON — The Office of the Comptroller of the Currency (OCC) today announced it is seeking comment on a notice of proposed rulemaking amending the OCC’s Annual Stress Test rule.
This proposed rule would shift back the timing of the annual stress testing cycle by approximately 90 days, and clarify that institutions covered by the Annual Stress Test rule will not have to calculate their regulatory capital ratios using the Basel III advanced approaches until the stress testing cycle beginning on January 1, 2016.
The public comment period closes 60 days from publication in the Federal Register. Publication of the proposal in the Federal Register is expected shortly.