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19 Nationwide Property Inspections and Preservation Inspections Preservation Insurance Loss Inspections REO Services Violation Management Utility Management Vacant Property Registrations Foreclosure Registrations Special Services Protecting your properties. Protecting you. NFROnline.com • 800-639-2151 x 2220 THE LEADER IN DEFAULT SERVICING NEWS Help shape the next issue of DS News. Drop us a line at Editor@DSNews.com. OCC TESTING FINANCIAL INSTITUTION RISK AND CAPITAL e Office of the Comptroller of the Currency (OCC) released economic and financial market scenarios for use in the upcoming stress tests for covered institutions. e supervisory scenarios include baseline and severely adverse scenarios, as described in the OCC's final rule that implements stress test requirements of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010. e Dodd-Frank Act requires certain financial companies, including certain national banks and federal savings associations, to conduct annual stress tests. e OCC's stress test rule states that the OCC will provide scenarios to covered institutions by February 15 of each year. Covered institutions are required to use the scenarios to conduct annual stress tests. e results of the company-run stress tests provide the OCC with forward-looking information used in bank supervision and will assist the agency in assessing the company's risk profile and capital adequacy. e supervisory scenarios include baseline and severely adverse scenarios, as described in the OCC's final rule that implements stress test requirements of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010. Covered institutions are required to use the scenarios to conduct annual stress tests. e results of the company-run stress tests provide the OCC with forward-looking information used in bank supervision and will assist the agency in assessing the company's risk profile and capital adequacy. "e results of the company-run stress tests provide the OCC with forward-looking information used in bank supervision and will assist the agency in assessing the company's risk profile and capital adequacy," the OCC said in a statement. "e objective of the annual company-run stress test is to ensure that institutions have robust, forward-looking capital planning processes that account for their unique risks, and to help ensure that institutions have sufficient capital to continue operations throughout times of economic and financial stress." e 2020 scenario and background information can be found on the OCC's stress test website. e final policy statement on the development and distribution of the scenarios was issued on October 28, 2013, in the Federal Register.