Banks with more than $10 billion in assets may get more time from U.S. banking regulators to institute internal stress testing required by the Dodd-Frank Act, Bloomberg News reported yesterday. The regulators proposed rules in December and January to require the big banks -- holding companies under the Federal Reserve and national banks under the Office of the Comptroller of the Currency -- to start self-testing their portfolios against adverse scenarios annually. The proposals, which initially called for banks to conduct tests this year, may be revised with a September 2013 deadline, the regulators said in coordinated statements. The extension would apply to banks between $10 billion and $50 billion in assets, according to the Federal Reserve, OCC and the Federal Deposit Insurance Corp. The OCC said that banks with more than $50 billion may still have to run tests this year, with the agency reserving the right to let them "delay implementation on a case-by-case basis where warranted."
