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Company-Run Stress Tests Required by the Dodd-Frank Act
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Description:The FDIC is seeking comment on a Notice of Proposed Rulemaking (NPR) to implement requirements of Section 165 (i)(2) of the Dodd-Frank Wall Street Reform and Consumer Protection Act. Under this section of the Act, FDIC-insured state nonmember banks and FDIC-insured state-chartered savings associations with total consolidated assets of more than $10 billion are required to conduct annual stress tests under regulations prescribed by the FDIC. This NPR, which proposes regulations for state nonmember banks and state savings associations, is substantively similar to regulations proposed by the Federal Reserve and the Office of the Comptroller of the Currency.
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Release Date:02/03/2012
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Update Date:11/14/2018
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Withdrawn Date:12/01/2018
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Agencies Involved:Federal Deposit Insurance Corporation (FDIC)Board of Governors of the Federal Reserve Board (The Fed)Office of the Comptroller of the Currency (OCC)
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Fdic Employee Involved:George FrenchRobert BurnsKarl R. Reitz
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Law Involved:Dodd-Frank Wall Street Reform and Consumer Protection Act
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Comment Period End Date:03/23/2012
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Source:FDIC Website
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Memorandum To:FDIC-Supervised Banks (Commercial and Savings)
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FIL Number:FIL-7-2012
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