WASHINGTON — The Federal Deposit Insurance Corp.'s board of directors will meet Oct. 9 to discuss stress-testing requirements mandated under the Dodd-Frank Act, as well as some tweaks to how the agency charges large-bank premiums.
Like other regulators, the FDIC proposed rules in January for requiring banks it supervises with more than $10 billion of assets to undergo annual stress tests. Under Dodd-Frank, each federal bank regulator must establish stress-testing standards for institutions in that asset class under its watch. This is in addition to required stress tests managed by the Federal Reserve Board for companies with more than $50 billion in assets.
The board is also expected to finalize a proposal that deals with deposit insurance assessments for larger banks, as well as hear an update from FDIC staff officials about the condition of the Deposit Insurance Fund. In March, the agency proposed revising definitions for certain higher-risk assets that can affect an institution's deposit insurance premium in order ease banks' reporting burden.