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Stress Testing of Regulated Entities

FHFA · final-rule · Published 2015-11-24 · Effective 2016-01-01 · 80 FR 73090

Document

Document number
2015-29861
Federal Register citation
80 FR 73090
CFR reference
12 CFR 1238
Type
Rule
Action
Final rule.
Category
final-rule
Agency
US Federal Housing Finance Agency
Publication date
2015-11-24
Effective date
2016-01-01

Abstract

The Federal Housing Finance Agency (FHFA) is adopting a final rule amending its stress testing rule adopted in 2013 to implement section 165(i) of the Dodd-Frank Wall Street Reform and Consumer Protection Act. FHFA received no comments to its proposed amendments, published for comment in an August 21, 2015 Notice of Proposed Rule. These amendments adopt the proposed amendments without change to modify: The start date of the stress test cycles from October 1 of a calendar year to January 1 of the following calendar year; the dates for FHFA to issue scenarios for the upcoming cycle; the dates for the regulated entities to report the results of their stress tests to FHFA; and the dates for the regulated entities to publicly disclose a summary of their stress test results for the severely adverse scenario. These amendments align FHFA's rule with rules adopted by other financial institution regulators that implement the Dodd-Frank stress testing requirements.

Source

Authoritative
Federal Register document
Machine
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