United States:
OCC Makes Technical Changes To Stress Testing Rule
28 February 2018
Cadwalader, Wickersham & Taft LLP
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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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