Moody's Analytics performs annual stress tests on state government budgets - estimating the amount of fiscal stress likely to be applied to state budgets under different recession scenarios and comparing that to what states have in reserve. This year's exercise also looks at how economic stress translates to public pensions.
US Agencies (FDIC, FED, and OCC) extended the comment period for a proposed rule to update their standards for how firms measure counterparty credit risk posed by derivative contracts.
FED has published in the Federal Register a notice proposing amendments to the company run and supervisory stress test rules.
EBA published answers to two questions under the Single Rulebook question and answer (Q&A) updates for this week.
In terms of a moving yearlong average, U.S. nonfinancial corporate debt rose to a record high 46.0% of GDP as of the span-ended September 2018. Nonfinancial corporate debt's 6.4% year-over-year increase for the 12-months-ended September 2018 outran nominal GDP's comparably measured rise of 5.0%.
FSB published a report that assesses fintech-related market developments and their potential implications for financial stability.
US Agencies (FDIC, FED, and OCC) adopted the final rule to address changes to credit loss accounting under the U.S. generally accepted accounting principles; this includes banking organizations' implementation of the current expected credit losses (CECL) methodology.
FASB proposed the taxonomy improvements for the proposed Accounting Standards Updates on Targeted Transition Relief for Topic 326 (Financial Instruments—Credit Losses) and Topic 805 (on Business Combinations—Revenue from Contracts with Customers).
SRB published its framework for performing valuations in resolution. The framework provides independent valuers and the general public with an indication of the expectations of SRB on the principles and methodologies for valuation reports, as set out in the legal framework.
FED identified an error in the historical dataset used in its 2019 stress tests and issued a correction.
Join us as our product strategy team explores the new CreditLens™ solution.
The Canadian housing market is going through a period of decompression
OCC proposed amendments to its company-run stress testing requirements for national banks and Federal savings associations, consistent with section 401 of the Economic Growth, Regulatory Relief, and Consumer Protection (EGRRCP) Act.
CFTC announced that it is extending comment period for the proposed amendments related to the regulations on swap execution facilities (SEF) and trade execution requirement.
BCBS updated instructions for Basel III monitoring for the collection of December 2018 data from the participating banks.
European Parliament published a briefing that outlines the current and upcoming fintech-related laws at the EU level. It follows on from a March 2017 EPRS briefing that focused, inter alia, on the evolution, scope, and economic prospects of fintech.
OFR adopted a final rule to establish a data collection covering centrally cleared funding transactions in the U.S. repurchase agreement (repo) market.
OCC is proposing to renew its information collection titled “Annual Stress Test Rule” (OMB Control No: 1557-0311). Comments must be received on or before March 13, 2019.
OSFI proposed the draft guideline on the net stable funding ratio (NSFR) disclosure requirements for domestic systemically important banks (D-SIBs).
The Federal Reserve have released its scenarios for the 2019 CCAR stress test. Listen as Mark Zandi and Cristian deRitis discuss the narratives behind the Fed's scenarios under forecasts of detailed economic variables.
EC published the EU Regulation 2019/237 that amends Regulation (EC) No 1126/2008 adopting certain international accounting standards, in accordance with Regulation (EC) No 1606/2002 regarding International Accounting Standard (IAS) 28 on Investments in Associates and Joint Ventures.
Since the Asia crisis, most countries in Asia have displayed a longer term secular trend of falling default risk.
While speaking at the BIS Special Governors Meeting in Hong Kong, Randal K. Quarles, the Chair of FSB and Vice Chair of FED, discussed his views on how the work of FSB must evolve and the key principles that, he believes, should inform that work.
In this paper we present the theoretical motivation behind these weights and suggests reasonable ways of choosing these weights in practice.
OSFI proposed revisions to the Liquidity Adequacy Requirements (LAR) Guideline for banks. OSFI published the proposed drafts (with proposed changes highlighted in yellow) of Chapters 1,2, 4, and 5 of the LAR guideline.
HKMA published the frequently asked questions (FAQs) related to the local implementation of the interest rate risk in the banking book (IRRBB).
US Agencies (OCC, FED, and FDIC) issued a notice of proposed rulemaking that would provide a simplified measure of capital adequacy for qualifying community banking organizations consistent with section 201 of the Economic Growth, Regulatory Relief, and Consumer Protection Act (EGRRCP Act).
US Agencies (CFTC, FDIC, FED, OCC, and SEC) are proposing to amend the regulations implementing the Bank Holding Company Act's (BHC Act) prohibitions and restrictions on proprietary trading and certain interests in, and relationships with, hedge funds and private equity funds.
EC published the Implementing Regulation (EU) 2019/228 that lays down technical information for calculation of technical provisions and basic own funds for reporting with reference dates from December 31, 2018 until March 30, 2019, in accordance with the Solvency II Directive (2009/138/EC).
SNB updated the capital adequacy reporting forms (release 2.9a) under Basel III.