On 16 June 2014, the Federal Deposit Insurance Corporation (“FDIC”) announced that it is seeking comment on a notice of proposed rulemaking amending the FDIC’s Annual Stress Test rule, following similar actions by the Board of  Governors of the Federal Reserve System (“Federal Reserve Board”) and the Office of Comptroller of the Currency (“OCC”) on 12 June 2014. This proposed rule would shift back the timing of the annual stress testing cycle by approximately 90 days, and clarify that institutions covered by the Annual Stress Test rule will not have to calculate their regulatory capital ratios using the Basel III advanced approaches until the stress testing cycle begins on 1 January 2016.

The full text of the proposed rule is available at: