®: CRE Regulatory Action of the Week
FDIC Publishes Final Stress Test Guidelines
On November 20, 2012, the Federal Deposit Insurance Corporation interim guidance setting forth the general processes and factors to be used by the FDIC in developing and distributing the stress test scenarios required by Section 165(i) of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010. Section 165(i) mandates FDIC-insured state nonmember banks and FDIC-insured state-chartered savings associations with total consolidated assets of more than $10 billion to conduct annual stress tests, report the results of such stress tests to the Corporation and the Board of Governors of the Federal Reserve System, and publish a summary of the results of the stress tests. On December 3, 2013, the FDIC published final Guidelines, which adopt the interim guidance as final without change, except for two technical corrections. The final guidance is effective January 2, 2014.
Click here to read final Guidelines