Moody's Analytics Issuer Solutions - 5th Annual User Group Conference 2020 - Boston

Insurance Summit 2020

Moody's Asset Management Conference 2020

Moody's Analytics Webinar: Getting Smarter with Every Spread – Automate your Spreading Process

CFG North America 2020+

Update on US Regional and Global Investment Banks Following 2019 4Q Results

Moody's Analytics Webinar: 2020 U.S. Macro Outlook: Two Economies

The U.S. economy is being buffeted by significant cross-currents.

FED Proposes to Revise Information Collection Under Market Risk Rule

FED proposed to revise and extend, for three years, FR 4201, which is the information collection under the market risk capital rule.

OSFI to Implement Operational Risk Capital Rules for Banks in Q1 2022

OSFI decided to move domestic implementation of the revised Basel III operational risk capital requirements from the first quarter of 2021 to the first quarter of 2022.

OSFI Consults on Instruction Guide for Termination of Pension Plan

OSFI is consulting on draft revisions to the instruction guide for termination of a defined benefit pension plan.

OSFI Publishes Instruction Guide on Solvency Information Return

OSFI published an instruction guide to assist administrators of pension plans in completing the Solvency Information Return that is required to be filed with OSFI.

FDIC and OCC Issue Statement on Heightened Cyber Security Risk

In response to the heightened cyber-security risk facing the financial services industry and other critical business sectors, FDIC and OCC issued an interagency statement on heightened cyber-security risk.

Cards and CECL estimates

Recent CECL impact disclosures point directly to credit cards as the largest driver of the allowance. We can confirm those recent disclosures by looking at the consumer default volumes chart in Figure 1,which clearly point to the credit card segment as being one of the largest contributors of loss today.

PCD assets post-CECL: The real-world implications of an accounting change

One benefit CECL will bring to the accounting space is moving away from the complicated and burdensome accounting for Purchase Credit Impaired (PCI) assets.

FED Publishes FAQs on Tailoring Rules for Banks

FED released a letter announcing the publication of an initial set of frequently asked questions (FAQs) in response to questions from institutions.

FDIC Letter on Submission of Call Reports by End of January 2020

FDIC, in a letter to financial institutions, announced that the Consolidated Reports of Condition and Income (Call Reports) for the December 31, 2019 report date must be submitted to the Central Data Repository of the relevant US agencies by January 30, 2020.

CFTC Consults on Cross-Border Application of Certain Swap Provisions

CFTC published a proposed rule addressing the cross-border application of certain swap provisions of the Commodity Exchange Act.

OSFI Updates Manual of Reporting Forms and Instructions for Insurers

OSFI issued its annual update to the manual of reporting forms and instructions for Canadian mortgage insurance companies.

FED Updates Reporting Form and Instructions for FR Y-9C

FED updated the OMB supporting statement, reporting form, and reporting instructions for FR Y-9C.

FED Updates Draft Form and Guidance for Reporting Under Volcker Rule

FED updated the draft reporting form (FR VV-1) and instructions in connection with the Volcker rule amendments that were finalized in November 2019.

US Agencies Extend Information Request Period on CAMELS Rating System

US Agencies (FDIC and FED) announced the extension of the deadline for the request for information on their use of the Uniform Financial Institutions Rating System or UFIRS, also known as the CAMELS rating system.

FED Proposes to Revise and Extend Form FR Y-9C for Holding Companies

FED is proposing to revise and extend for three years the FR Y-9 reports on the financial statements of holding companies.

FED Revises and Extends Reporting Form on Systemic Risk

FED adopted a proposal to revise and extend, for three years, the Banking Organization Systemic Risk Report (FR Y-15).

CFTC Proposes Rules on Swap Clearing and Capital Requirements for SDs

CFTC approved two proposed rules under its swaps regime. One of the proposed rules is related to capital requirements for swap dealers, or SDs, and major swap participants while the other proposed rule concerns amendments to the swap clearing requirement exemption for inter-affiliate swaps.

FED Revises and Extends Capital Assessments and Stress Testing Reports

FED recently adopted two proposals to revise and extend, for three years, the monthly, quarterly, and annual capital assessments and stress testing reports (FR Y-14A/Q/M). The revisions are applicable with as of dates ranging from December 31, 2019 to December 31, 2020.

US Agencies Extend Comment Period for Proposal on Swap Margin Rule

US Agencies (Farm Credit Administration, FDIC, FED, FHFA, and OCC) re-opened comment period for the proposal to amend regulations that require swap dealers and security-based swap dealers under the agencies' respective jurisdictions to exchange margin with their counterparties for swaps that are not centrally cleared.

FASB Publishes 2020 Taxonomies for DQC Rules, GAAP, and SEC Reporting

FASB announced that the 2020 taxonomies for GAAP Financial Reporting, SEC Reporting, and the new XBRL US Data Quality Committee (DQC) Rules are now available.

US Agencies Commence Review Under Credit Risk Retention Regulations

US Agencies (the Department of Housing and Urban Development or HUD, FDIC, FED, FHFA, OCC, and SEC) are providing notice of the commencement of the review of the definition of qualified residential mortgage.

OSFI Consults on Instructions for Defined Benefit Pension Plan Reports

OSFI is consulting on revisions to the instruction guide for preparation of actuarial reports for defined benefit pension plans.

FASB Appoints Richard Jones of EY as Its Next Chair

The Board of Trustees of the Financial Accounting Foundation announced that it has appointed Richard R. Jones as the next chair of FASB. Mr. Jones succeeds Russell G. Golden and his appointment is effective July 01, 2020.