August 25, 2017

FED is inviting comments on a proposal to extend, with revision, the mandatory Banking Organization Systemic Risk Report (FR Y-15). Comments must be submitted on or before October 23, 2017. FED also proposed rulemaking and draft instructions for several reporting forms. These reporting forms are Consolidated Reports of Condition and Income for a Bank with Domestic and Foreign Offices (FFIEC 031), Consolidated Reports of Condition and Income for a Bank with Domestic Offices Only (FFIEC 041), Consolidated Reports of Condition and Income for a Bank with Domestic Offices Only and Total Assets Less than USD 1 Billion (FFIEC 051), Consolidated Financial Statements for Holding Companies (FR Y-9C), and Capital Assessments and Stress Testing Reports (FR Y-14A and FR Y-14Q).

Among the FED information collections that have been under review, the supplemental information for Capital Assessments and Stress Testing (FR Y-14A) have been updated. The reporting frequency of the agency form number FR Y-15 is said to be quarterly. The respondents for FY Y-15 include U.S. bank holding companies, covered savings and loan holding companies, and U.S. intermediate holding companies of foreign banking organizations with USD 50 billion or more of total consolidated assets, along with any bank holding company designated as a global systemically important bank holding company that does not otherwise meet the consolidated assets threshold for bank holding companies.

 

Related Links

Federal Register Notice (PDF)

Reporting Form Updates

Comment Due Date: October 23, 2017

Keywords: Americas, United States of America, Banking, Accounting, Reporting, Systemic Risk, Stress Testing, FED

Related Articles
News

EBA Report Assesses Regulatory Framework for Fintech Activities

EBA published the findings of its analysis on the regulatory framework applicable to fintech firms when accessing the market.

July 18, 2019 WebPage Regulatory News
News

OSFI Revises Capital Requirements for Operational Risk for Banks

OSFI is revising its capital requirements for operational risk, in line with the final Basel III revisions published by BCBS in December 2017.

July 18, 2019 WebPage Regulatory News
News

OSFI Consults on Revised Principles for Management of Liquidity Risk

OSFI proposed revisions to Guideline B-6 on the principles for the management of liquidity risk.

July 18, 2019 WebPage Regulatory News
News

ESMA Guidance on Disclosures for Credit Rating Sustainability Issues

ESMA published the technical advice on sustainability considerations in the credit rating market, along with the final guidelines on disclosure requirements applicable to credit ratings.

July 18, 2019 WebPage Regulatory News
News

FASB Issues Q&A on Estimation of Expected Credit Losses by Firms

FASB issued a second question-and-answer (Q&A) document that addresses more than a dozen frequently asked questions related to the Accounting Standards Update No. 2016-13 titled “Financial Instruments—Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments.”

July 17, 2019 WebPage Regulatory News
News

US Agencies Delay Enforcing Volcker Rule Restrictions on Foreign Funds

US Agencies (FDIC, FED, and OCC) announced that they will not take action related to restrictions under the Volcker Rule for certain foreign funds for an additional two years.

July 17, 2019 WebPage Regulatory News
News

SRB Announces SRF Receives Cash Injection, Grows to EUR 33 billion

SRB announced that the Single Resolution Fund (SRF or the Fund) received a cash injection of EUR 7.8 billion from 3,186 institutions in 2019, bringing the total amount in the Fund to about EUR 33 billion.

July 17, 2019 WebPage Regulatory News
News

FASB to Propose to Delay CECL Compliance Deadline for Certain Entities

FASB published a summary of the tentative decisions taken at its Board meeting in July 2019.

July 17, 2019 WebPage Regulatory News
News

IMF Publishes Report on 2019 Article IV Consultation with Vietnam

IMF published its staff report in context of the 2019 Article IV consultation with Vietnam.

July 16, 2019 WebPage Regulatory News
News

European Parliament Elects Next President of European Commission

European Parliament elected Ursula von der Leyen from Germany as the first female President of the next European Commission for a five-year term from November 01, 2019.

July 16, 2019 WebPage Regulatory News
RESULTS 1 - 10 OF 3476