General Information & Client Service
  • Americas: +1.212.553.1653
  • Asia: +852.3551.3077
  • China: +86.10.6319.6580
  • EMEA: +44.20.7772.5454
  • Japan: +81.3.5408.4100
Media Relations
  • New York: +1.212.553.0376
  • London: +44.20.7772.5456
  • Hong Kong: +852.3758.1350
  • Tokyo: +813.5408.4110
  • Sydney: +61.2.9270.8141
  • Mexico City: +001.888.779.5833
  • Buenos Aires: +0800.666.3506
  • São Paulo: +0800.891.2518
February 02, 2018

OCC is consulting on revision to a regulatory reporting requirement for national banks and federal savings associations. The information collection being revised is called the Company-Run Annual Stress Test Reporting Template and Documentation for Covered Institutions with consolidated assets of USD 50 billion or more under the Dodd-Frank Act. OCC is also giving notice that it has sent the collection to OMB for review. Comments must be received by March 05, 2018.

OCC recognizes that many covered institutions with consolidated assets of USD 50 billion or more are required to submit reports using the Comprehensive Capital Analysis and Review (CCAR) reporting form FR Y-14A. OCC also recognizes the FED has modified the FR Y-14A and, to the extent practical, OCC has kept its reporting requirements consistent with the FED's FR Y-14A, to minimize burden on covered institutions. Thus, OCC is revising its reporting requirements to mirror the FED's FR Y-14A for covered institutions with consolidated assets of USD 50 billion or more. In addition to the changes that parallel the FED's changes to the FR Y-14A, the OCC is also making two other changes. First, the OCC is modifying the OCC Supplemental Schedule. Second, the OCC is allowing federal savings associations to comply with the reporting requirements applicable to subsidiaries of large, noncomplex holding companies, as defined by the FED. Revisions to OCC reporting templates (DFAST-14A) that mirror changes by the FED consist of the following:

  • Eliminating two schedules, the Regulatory Capital Transitions Schedule and Retail Repurchase Exposures Schedule
  • Adding one item to the counterparty worksheet of the summary schedule to collect information of Funding Valuation Adjustments (FVAs) for firms subject to the Global Market Shock
  • Modifying instructions to clarify reporting of “Credit Loss Portion” and “Non-Credit Loss Portion” information for available-for-sale (AFS)/held-to-maturity (HTM) worksheets in the summary schedule

In addition, OCC proposed to eliminate references to the term ‘‘extraordinary items’’ to align with Federal Accounting Standards Board (FASB) Subtopic 255– 30. FED has decided to delay this change with respect to its FR Y–14A; therefore, to promote consistency between the OCC DFAST– 14A and the FR Y–14A, OCC will also delay this change until further notice.

 

Related Link: Federal Notice

Comment Due Date: March 05, 2018

Keywords: Americas, US, Banking, Reporting, Stress Testing, DFast, FR Y-14a, FED, OCC

Related Insights
News

EBA Single Rulebook Q&A: Third Update for February 2019

EBA published answers to two questions under the Single Rulebook question and answer (Q&A) updates for this week.

February 15, 2019 WebPage Regulatory News
News

FSB Report Examines Financial Stability Implications of Fintech

FSB published a report that assesses fintech-related market developments and their potential implications for financial stability.

February 14, 2019 WebPage Regulatory News
News

US Agencies Amend Regulatory Capital Rule to Allow Phase-In for CECL

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.

February 14, 2019 WebPage Regulatory News
News

FED Issues Correction in Historical Dataset in its 2019 Stress Tests

FED identified an error in the historical dataset used in its 2019 stress tests and issued a correction.

February 13, 2019 WebPage Regulatory News
News

OCC Consults on Company-Run Stress Test Requirements for Banks

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.

February 12, 2019 WebPage Regulatory News
News

CFTC Extends Comment Periods for Trade Execution Requirement Proposals

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.

February 12, 2019 WebPage Regulatory News
News

BCBS Updates Instructions for Basel III Monitoring Exercise

BCBS updated instructions for Basel III monitoring for the collection of December 2018 data from the participating banks.

February 12, 2019 WebPage Regulatory News
News

OCC Proposes to Renew Information Collection Under Stress Test Rule

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.

February 11, 2019 WebPage Regulatory News
News

OSFI Consults on NSFR Disclosure Requirements for D-SIBs

OSFI proposed the draft guideline on the net stable funding ratio (NSFR) disclosure requirements for domestic systemically important banks (D-SIBs).

February 11, 2019 WebPage Regulatory News
News

EC Amends Its Regulation to Clarify Impairment Requirements for IFRS 9

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.

February 11, 2019 WebPage Regulatory News
RESULTS 1 - 10 OF 2601