§ 1238.3 - Annual stress test.

§ 1238.3 Annual stress test.

(a) In general. Each regulated entityEnterprise:

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

(2) The stress test shall be conducted in accordance with this section and the methodologies and practices described in § 1238.4 and in any a supplemental guidance or Orderorder.

(b) Scenarios provided by FHFA. In conducting its annual stress tests under this section, each regulated entity Enterprise 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 two 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 the Enterprises a description of the baseline , adverse, and severely adverse scenarios that each regulated entity Enterprise shall use to conduct its annual stress tests under this part.

[78 85 FR 5922216530, Sept. 26, 2013, as amended at 80 FR 73092, Nov. Mar. 24, 20152020]