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Comment Period: OCC Seeks Comment on Revision to Stress Testing Template and Documentation Information Collection

OCC seeks comment regarding revision to a regulatory reporting requirement for national banks and federal savings associations entitled, Company- Run Annual Stress Test Reporting Template and Documentation for Covered Institutions with Total Consolidated Assets of $250 Billion or More under the Dodd-Frank Act. OCC uses the data collected to assess the reasonableness of the stress test results of covered institutions and to provide forward-looking information to OCC regarding a covered institution’s capital adequacy. OCC also may use the results to determine whether additional analytical techniques and exercises could be appropriate to identify, measure, and monitor risks at the covered institution. OCC recognizes that many covered institutions with total consolidated assets of $250 billion or more are required to submit reports using Comprehensive Capital Analysis and Review (CCAR) reporting form FR Y-14A. OCC also recognizes the Board of Governors of the Federal Reserve System (FRB) proposed and implemented modifications to the FR Y-14A and, to the extent practical, OCC will keep its reporting requirements consistent with FRB’s FR Y- 14A in order to minimize burden on covered institutions. Therefore, OCC proposes to revise its reporting requirements to mirror FRB’s FR Y-14A for covered institutions with total consolidated assets of $250 billion or more. OCC’s proposed changes include updates to various 
schedules to reflect the adoption of the tailoring framework used to determine the applicability of regulatory capital requirements to large U.S. banking organizations.Other changes include removing the worksheet for reporting advanced approaches risk-weighted assets and the worksheet for reporting pre-provision net revenue (PPNR) metrics, as well as technical changes to various individual data items. The proposed changes to OCC’s reporting templates do not 
include data items in the FR Y-14A associated with several capital buffers related ratios, such as FRB’s stress capital buffer requirement adopted in 2020. The proposal would remove OCC Supplemental Schedule, which collects information not collected by the FR Y-14A. Read more here.
 

  • March 29, 2021
  • Time: All Day
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