-
Community bankers are worried about stress tests, even though there is nothing in the Dodd-Frank Act requiring them to do it. While regulators are not requiring the tests for smaller banks, they are increasingly encouraging bankers conduct such tests.
March 16 -
At its first board meeting this year, the FDIC unveiled stress test requirements for large state nonmember banks and revised its plan to require firms to file living wills.
January 17
WASHINGTON — Federal regulators are giving banks more time to comment on proposed stress-testing requirements for depository institutions.
Under the Dodd-Frank Act, institutions with more than $10 billion must complete annual stress tests using standards established by their primary regulator. This is in addition to tests required for the largest financial companies — those with over $50 billion in assets — managed by the Federal Reserve Board.
In January, the Federal Deposit Insurance Corp. and the Office of the Comptroller of the Currency each
"The FDIC believes that it is important to allow parties more time to consider the impact of the proposed rule, and that such an extension will facilitate further public comment on the proposed rule," the agency said last week.