US Agencies (FDIC, SEC, FED, CFTC, and CFPB) published updates related to their respective semi-annual regulatory agenda. FDIC, FED, CFTC, and CFPB published the agenda as part of the Spring 2017 Unified Agenda of Federal Regulatory and Deregulatory Actions (Unified Agenda). The Unified Agenda offers an update on the planned actions of the administrative agencies in the near and long term. The publication of this agenda is in accordance with the Regulatory Flexibility Act, which requires each federal agency to publish, twice a year, an agenda in the Federal Register; the agenda should identify rules, for consideration over the next 12 months, that are likely to have a significant economic impact on a substantial number of small entities.
A brief description of each agency's agenda follows:
FDIC agenda contains information about the current and projected rulemakings, existing regulations under review, and completed rulemakings. FDIC publishes this regulatory agenda to inform the public about its regulatory actions and to enhance public participation in the rulemaking process.
SEC published the Chairman's agenda of rulemaking actions and the items listed in this Regulatory Flexibility Agenda for Spring 2017 reflect only the priorities of the Acting Chairman of the U.S. SEC and do not reflect the views and priorities of any individual Commissioner. The Commission invites questions and public comments on the agenda and on the individual agenda entries. Comments should be received on or before September 25, 2017.
FED issued the agenda under the Regulatory Flexibility Act and the Board's Statement of Policy Regarding Expanded Rulemaking Procedures. Comments about the form or content of the agenda may be submitted any time during the next six months.
CFTC published a semi-annual agenda of rulemakings that the CFTC expects to propose or promulgate over the next year. The Commission welcomes comments from small entities and others on the agenda.
Comment Due Date: September 25, 2017
Keywords: Americas, United States of America, Banking, Securitization, Unified Agenda, US Agencies
EBA published phase 2 of the technical package on the reporting framework 2.10, providing the technical tools and specifications for implementation of EBA reporting requirements.
FASB issued a proposed Accounting Standards Update that would grant insurance companies, adversely affected by the COVID-19 pandemic, an additional year to implement the Accounting Standards Update No. 2018-12 on targeted improvements to accounting for long-duration insurance contracts, or LDTI (Topic 944).
APRA updated the regulatory approach for loans subject to repayment deferrals amid the COVID-19 crisis.
BCBS and FSB published a report on supervisory issues associated with benchmark transition.
IAIS published a report on supervisory issues associated with benchmark transition from an insurance perspective.
ESMA updated the reporting manual on the European Single Electronic Format (ESEF).
EBA published a statement on resolution planning in light of the COVID-19 pandemic.
BCBS Finalizes Revisions to Credit Valuation Adjustment Risk Framework
ECB published a guideline (2020/97), in the Official Journal of European Union, on the definition of materiality threshold for credit obligations past due for less significant institutions.
FED temporarily revised the capital assessments and stress testing reports (FR Y-14A/Q/M) to implement the changes in response to the COVID-19 pandemic.