Bankowość · 23/02/2018

Federal Agencies Submit Proposed Stress Test Report for Financial Institutions for OMB Review

The Office of the Comptroller of the Currency (OCC), the Federal Reserve Board (Board), and the Federal Deposit Insurance Corporation (FDIC) are submitting a proposed stress test report for financial institutions with $10-$50 billion in total consolidated assets for review by the Office of Management and Budget (OMB). The proposed report, known as FFIEC 016, would require financial institutions to submit a stress test report by July 31, 2018, if approved by OMB.