Today, the Federal Reserve, OCC and FDIC proposed supervisory guidance for stress tests conducted by banking organizations with total consolidated assets between $10 billion and $50 billion (mid-sized firms). Medium-sized firms are required to conduct their first annual Dodd-Frank company-run stress tests beginning this fall.
Among other things, the proposed guidance describes general supervisory expectations for Dodd-Frank Act stress tests, and, where appropriate, provides examples of practices that would be consistent with those expectations.
The public comment period on the proposed supervisory guidance ends on September 25, 2013.
Federal Reserve, OCC and FDIC, Proposed Supervisory Guidance on Implementing Dodd-Frank Act Company-Run Stress Tests for Banking Organizations With Total Consolidated Assets of More Than $10 Billion But Less Than $50 Billion, available here: http://www.gpo.gov/fdsys/pkg/FR-2013-08-05/pdf/2013-18716.pdf