Authority, purpose, and reservation of authority.

CFR · 2024-01-01 · US · Title 12

(a) (b) (c) (1) The Corporation may accelerate or extend any deadline for stress testing, reporting, or publication of the stress test results. (2) The Corporation may require different or additional tests not otherwise required by this part or may require or permit different or additional analytical techniques and methodologies, different or additional scenarios (including components for the scenarios), or different assumptions for the covered bank to use in meeting the requirements of this part. In addition, the FDIC may specify a different as-of date for any or all categories of financial data used by the stress test. (3) The Corporation may modify the reporting requirements of a report under this part or may require additional reports. The Corporation may modify the publication requirements of this part and or may require different or additional publication disclosures. (4) The Corporation may also exempt a covered bank from the requirement to conduct a stress test in a particular reporting year. (5) Factors considered: Any exercise of authority under this section by the Corporation will be in writing and will consider the activities, level of complexity, risk profile, scope of operations, and the regulatory capital of the covered bank, in addition to any other relevant factors. (6) Notice and comment procedures: In exercising its authority to require different or additional stress tests and different or additional scenarios (including components for the scenarios) under

official document · source cfr-2024 · id 12:§ 325.1