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WASHINGTON—The Office of the Comptroller of the Currency (OCC) issued a final rule  amending the OCC’s stress testing rule at 12 CFR 46 (which implements the stress testing requirements of section 165(i)(2) of the Dodd-Frank Wall Street Reform and Consumer Protection Act), consistent with section 401 of the Economic Growth, Regulatory Relief, and Consumer Protection Act.

The final rule revises the minimum threshold for national banks and federal savings associations to conduct stress tests from $10 billion to $250 billion; revises the frequency by which certain national banks and federal savings associations are required to conduct stress tests; reduces the number of required stress testing scenarios from three to two; and makes certain additional technical changes to the stress testing requirements.

The final rule is effective as of November 24, 2019.

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