Regulatory Alerts2019-02-14 | 2019-00484Added
Regulations LL and YY; Amendments to the Company-Run and Supervisory Stress Test Rules
The Board proposes to amend stress testing rules for state member banks by raising the minimum asset threshold for company-run stress tests from $10 billion to $250 billion and changing the testing frequency from annual to biennial for banks with assets greater than $250 billion. The proposal removes the 'adverse' scenario from required stress test scenarios for state member banks, bank holding companies, U.S. intermediate holding companies of foreign banking organizations, and nonbank financial companies supervised by the Board, reducing the required scenarios from three to two. Additionally, the proposal revises the scope of applicability for company-run stress testing requirements for certain savings and loan holding companies and updates board of directors review frequencies to align with the new testing cycles.
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