Bank regulators have issued final guidance detailing their expectations for required stress tests conducted by medium-sized financial companies.
The guidance from the Federal Reserve Board, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency applies to banks with total consolidated assets of between $10 billion and $50 billion. In October 2012, bank regulators issued final rules requiring annual, company-run stress tests in accordance with the Dodd-Frank Act. The first stress tests must be conducted by March 31, 2014.
