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FDIC | RIN: 3064-AE73 | Publication ID: Spring 2018 |
Title: ●Annual Stress Test-Applicability Transition for Covered Banks With $50 Billion or More in Assets; Technical and Conforming Changes | |
Abstract:
The Federal Deposit Insurance Corporation (FDIC) proposes to make several revisions to its stress testing regulation. The proposed rule would change the range of possible as-of dates used in the trading and counterparty position data stress testing component to conform to changes already made by the Board of Governors of the Federal Reserve System and proposed by the Office of the Comptroller of the Currency to their respective stress testing regulations. The proposed rule would also change the transition process for covered banks that pass the threshold of $50 billion or more in assets. Under the proposed rule, a covered bank that becomes an over $50 billion covered bank, as that term is defined in the FDIC’s stress testing regulation, on or before September 30 would become subject to the requirements applicable to an over $50 billion covered bank beginning on January 1 of the second calendar year after the covered bank becomes an over $50 billion covered bank, and a covered bank that becomes an over $50 billion covered bank after September 30 would become subject to the requirements applicable to an over $50 billion covered bank beginning on January 1 of the third calendar year after the covered bank becomes an over $50 billion covered bank. The proposed rule would also make certain technical changes to clarify the requirements of the FDIC’s stress testing regulation and to eliminate the regulation’s obsolete provisions.
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Agency: Federal Deposit Insurance Corporation(FDIC) | Priority: Substantive, Nonsignificant |
RIN Status: First time published in the Unified Agenda | Agenda Stage of Rulemaking: Proposed Rule Stage |
Major: Undetermined | Unfunded Mandates: No |
EO 13771 Designation: Independent agency | |
CFR Citation: 12 CFR 325 | |
Legal Authority: 12 U.S.C. 5365(i)(2) 12 U.S.C. 5412(b)(2)(C) 12 U.S.C. 1818 12 U.S.C. 1819(a)(Tenth) 12 U.S.C. 1831o 12 U.S.C. 1831p-1 |
Legal Deadline:
None |
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Timetable:
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Additional Information: E-mail: Comments@fdic.gov. Include the RIN number 3064-AE72 on the subject line of the message. | |
Regulatory Flexibility Analysis Required: No | Government Levels Affected: None |
Small Entities Affected: No | Federalism: No |
Included in the Regulatory Plan: No | |
RIN Information URL: www.fdic.gov/regulations/laws/ | Public Comment URL: www.fdic.gov/regulations/laws/ |
RIN Data Printed in the FR: No | |
Agency Contact: Benedetto Bosco Chief, Capital Policy Section Federal Deposit Insurance Corporation 550 17th Street NW, Washington, DC 20459 Phone:202 898-6853 Email: bbosco@fdic.gov Michael Phillips Counsel Federal Deposit Insurance Corporation 550 17th Street NW, Washington, DC 20429 Phone:202 898-3581 Email: mphillips@fdic.gov Catherine S. Wood Counsel Federal Deposit Insurance Corporation 550 17th Street NW, Washington, DC 20459 Phone:202 898-3788 Email: cawood@fdic.gov Benjamin J. Klein Counsel Federal Deposit Insurance Corporation 550 17th Street NW, Washington, DC 20429 Phone:202 898-7027 Email: bklein@fdic.gov |