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FDIC Proposes Stress Testing Rule

Reese Darragh | January 18, 2012

The Federal Deposit Insurance Corporation approved a proposed rulemaking notice on January 17 to require large insured depository institutions be the subject of an annual capital-adequacy stress tests. The test, as required under a provision in the Dodd-Frank Act will apply to FDIC-insured state non-member banks and FDIC-insured state-chartered savings associations with total assets of more than $10 billion. The agency regulated 23 state non-member banks with total assets of more than $10 billion as of Sept 30 last year.

In a statement, the agency said the tests would provide forward-looking information to assist the FDIC in evaluating the adequacy of capital owned by the banks covered under the rule. “The banks that would be required to conduct the stress tests also are expected to benefit from improved internal assessments of capital...

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