The Office of the Comptroller of the Currency and the Board of Governors of the Federal Reserve System ("FRB") released economic and financial market supervisory scenarios for the upcoming stress tests for covered institutions with more than $10 billion in assets. These stress tests are mandated by Dodd-Frank Act Section 165(i)(2). In addition, the FRB issued summary instructions in a 2017 Comprehensive Capital Analysis and Review. The instructions apply to firms that are subject to the Large Institution Supervision Coordinating Committee, and for large and complex firms that "are bank holding companies that (i) have $250 billion or more in total consolidated assets, (ii) have average total nonbank assets of $75 billion or more, or (iii) are U.S. global systemically important banks."
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