The introduced proposed revisions to the FDIC's requirements for stress testing of FDIC-supervised institutions, consistent with changes made by Section 401 of the Economic Growth, Regulatory Relief and Consumer Protection Act.
In particular, the proposed rule would:
- amend the FDIC's existing stress testing regulations to increase the minimum threshold for applicability from $10 billion to $250 billion (i.e., by eliminating two subcategories under the definition of "covered bank" and revising "covered bank" to mean a state nonmember bank or state savings association with average total consolidated assets over $250 billion);
- revise the frequency of required stress tests of FDIC-supervised institutions;
- reduce the number of required stress testing scenarios from three to two; and
- make specific conforming and technical changes.
Comments on the rule proposal must be submitted by February 19, 2019.
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