Bank Regulators Seek Input on Stress Tests for Medium-Sized Firms

The Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency have issued a request for comments on supervisory expectations for stress tests conducted by medium-sized financial companies. The agencies define "medium-sized" to be financial companies with total consolidated assets between $10 billion and $50 billion. Under rules the agencies issued in October 2012 to implement a provision in the Dodd-Frank Act, medium-sized companies must begin annual company-run stress testing beginning this fall.  The proposed guidance issued on July 30, 2013 is intended to help these companies conduct stress tests and scale them appropriately to their size, complexity, risk profile, business mix, and market footprint.  
Wednesday, July 31, 2013/Author: David Schwartz J.D. CPA/Number of views (3846)/Comments (0)/
RSS
First6789101112131415Last