TMIB Lite: What’s New (and Not!) in Stress Testing
Podcast Show Notes:
Our This Month In Banking (TMIB) podcast features discussion with colleagues and other industry thought leaders on interesting banking news that happened this month. TMIB will be available on the last Wednesday of every month here, and on Apple and Droid podcast apps for your listening enjoyment. Join us on your commute or at your desk.
Topic: What’s New (and Not!) in Stress Testing
Start time: 1:26
The Economic Growth, Regulatory Relief, and Consumer Protection Act (Economic Growth Act), which was signed into law by the President in May 2018, modestly scales back certain requirements of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 (the Dodd-Frank Act) and provides other regulatory relief. The new law eliminates mandated annual stress tests, known as the Dodd-Frank Act Stress Test requirement, or DFAST, for banks with assets of less than $250 billion, although banks with $100 billion to $250 billion will still be tested periodically. Financial institutions with assets of $10 billion to $250 billion are also no longer required to perform company-run stress tests. What do these changes mean for your bank?
Watch for episode 34 of This Month in Banking to be released on Wednesday, October 31, 2018. We release a full episode plus a lite episode on the last Wednesday of every month.
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