LegalFix
Sign In

§ 1238.3 - Annual stress test.

Copy with citation
Copy as parenthetical citation

In general. Each regulated entity:

Shall complete an annual stress test of itself based on its data as of December 31 of the preceding calendar year;

The stress test shall be conducted in accordance with this section and the methodologies and practices described in § 1238.4 and in any supplemental guidance or Order.

Scenarios provided by FHFA. In conducting its annual stress tests under this section, each regulated entity must use scenarios provided by FHFA, which shall be generally consistent with and comparable to those established by the FRB, that reflect a minimum of three sets of economic and financial conditions, including a baseline, adverse, and severely adverse scenario. Not later than 30 days after the FRB publishes its scenarios, FHFA will issue to all regulated entities a description of the baseline, adverse, and severely adverse scenarios that each regulated entity shall use to conduct its annual stress tests under this part.

Previous Section
§ 1238.2 - Definitions.
Next Section
§ 1238.4 - Methodologies and practices.