This story appeared in Bank Digest.
The Federal Deposit Insurance Corporation has amended its rules on company-run stress tests to ease test requirements in three significant ways. The amendments will: (1) increase the asset threshold to $250 billion, from the current $10 billion; (2) change the requirement of annual tests to a requirement of periodic tests; and (3) eliminate one of the three test scenarios. The amendments are consistent with changes made by the Economic Growth, Regulatory Relief, and Consumer Protection Act.
According to the FDIC’s notice, the changes will take effect 30 days after they are published in the Federal Register. The Federal Reserve Board and Office of the Comptroller of the Currency are expected to adopt identical amendments to their stress test rules.