"The Federal Deposit Insurance Corp., Federal Reserve Board and Office of the Comptroller of the Currency issued near-identical final rules requiring banks and holding companies with more than $10 billion of assets to run internal stress tests annually," writes American Banker’s Joe Adler about the tests mandated by Dodd-Frank.
Banks with assets between $10 and 50 billion get the relief they were expecting: a one-year extension on compliance, which means they’ll start disclosing results in 2015.
The tests for the largest banks, with over $50 billion in assets, will be required earlier. "I believe the implementation timeline in the final rule strikes the right balance,” Comptroller Thomas Curry said.
For the full piece see "Banks Get Relief on Stress-Tests and FDIC Pricing Rules" (may require subscription).