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Stress Testing of Regulated Entities Amendments

Publication Details
Type
Proposed Rulemaking
Document Number
2019-26950
Federal Register Publish Date
12/16/2019
Comment Open Date
12/16/2019
Comment End Date
01/15/2020
Comment Status
Closed
Rulemaking Details
Rulemaking

Stress Testing of Regulated Entities

03/24/2020
Number
RIN-2590-AB05
Group
Fannie Mae
FHL Banks
Freddie Mac
CFR
12 CFR Part 1238
CFR Description
STRESS TESTING OF REGULATED ENTITIES
Effective Date

Stress Testing of Regulated Entities Amendments

Contact Information

​FOR FURTHER INFORMATION CONTACT: Naa Awaa Tagoe, Senior Associate Director, Office of Financial Analysis, Modeling and Simulations, (202) 649-3140, naaawaa.tagoe@fhfa.gov; Karen Heidel, Assistant General Counsel, Office of General Counsel, (202) 649-3073, karen.heidel@fhfa.gov; or Mark D. Laponsky, Deputy General Counsel, Office of General Counsel, (202) 649-3054, mark.laponsky@fhfa.gov. If you are deaf, hard of hearing, or have a speech disability, please dial 7-1-1 to access telecommunications relay services. Additionally, the TDD 1-(800) number referenced in Rulemaking documents attached to this page is obsolete and the 7-1-1 number should be used.

Summary

SUMMARY: The Federal Housing Finance Agency (FHFA) is requesting comment on a proposed rule that would amend its stress testing rule, consistent with section 401 of the Economic Growth, Regulatory Relief, and Consumer Protection Act (EGRRCPA). Specifically, the proposed rule would revise the minimum threshold for the regulated entities to conduct stress tests from $10 billion to $250 billion, remove the requirements for Federal Home Loan Banks (Banks) subject to stress testing, and remove the adverse scenario from the list of required scenarios. These amendments align FHFA's rule with rules adopted by other financial institution regulators that implement the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act) stress testing requirements, as amended by EGRRCPA. The proposed rule also makes certain conforming and technical changes.

DATES: Comments on the proposed amendments must be received on or before January 15, 2020.

Public Comments people-icon

Below are a compilation of public comments made on this publication.

1 items
Date Sort ascending First Name Last Name Organization Comment
Ken Starks Allied First Bank Well I am pro Deregulation in our industry, I do not fully agree with…View Comment
Email: Ken@thestarksteam.com
Attachment: N/A