The Office of the Comptroller of the Currency ("OCC") made technical changes to a regulation on annual stress testing (Part 46). The changes are intended to conform the OCC's rule to changes made by the Board of Governors of the Federal Reserve System.
Specifically, the OCC made the following changes:
- extended the range of dates used in trading and counterparty position data for an institution subject to a stress test;
- extended the transition process for certain covered institutions that pass the $50 billion asset threshold; and
- removed certain obsolete language and provisions.
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