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 Articles
News

EC Amends Regulation Supplementing Solvency II Directive

EC published the Delegated Regulation (EU) 2019/981 that amends the Regulation (EU) 2015/35, which supplements Solvency II Directive (2009/138/EC) on the taking-up and pursuit of the business of insurance and reinsurance.

June 18, 2019 WebPage Regulatory News
News

IOSCO Report Examines Application of International Cyber Standards

IOSCO published a final report that examines the application of the three internationally recognized cyber standards and frameworks by IOSCO member jurisdictions.

June 18, 2019 WebPage Regulatory News
News

PRA Launches 2019 Stress Test Exercise for Life and General Insurers

PRA has launched the biennial insurance stress test and is asking the largest regulated life and general insurers to provide information about the impact of a range of stress tests on their business.

June 18, 2019 WebPage Regulatory News
News

PRA Finalizes Reporting Amendments to Pillar 2 Liquidity Framework

PRA published the final Policy Statement PS13/19 on regulatory reporting amendments and clarifications to the Pillar 2 liquidity framework for banks in UK.

June 17, 2019 WebPage Regulatory News
News

FSB Assesses Implementation of Compensation Standards and Principles

FSB published the sixth progress report on the implementation of its principles and standards for sound compensation practices in financial institutions.

June 17, 2019 WebPage Regulatory News
News

IMF Publishes Reports on 2019 Article IV Consultation with Ireland

IMF published its staff report and selected issues report under the 2019 Article IV consultation with Ireland.

June 17, 2019 WebPage Regulatory News
News

EBA Updates Data on Deposit Guarantee Schemes in EU

EBA published the 2018 data on two key concepts in the Deposit Guarantee Schemes Directive (DGSD)—namely, available financial means and covered deposits.

June 17, 2019 WebPage Regulatory News
News

SNB Updates Form for Reporting Solvency Risk of Counterparties

SNB published the survey (Form Release 5.01) and related documentation for reporting solvency risk of counterparties in the interbank sector (ARIS).

June 17, 2019 WebPage Regulatory News
News

ISDA Studies Variation in Global Implementation of Margin Requirements

ISDA published a paper that highlights the main areas of difference in the implementation of margin requirements for non-cleared derivatives across jurisdictions and makes recommendations on how to resolve these variations.

June 17, 2019 WebPage Regulatory News
News

US Agencies Finalize Rule to Streamline Reporting for Small Banks

US Agencies (FDIC, FED, and OCC) adopted a final rule to streamline the regulatory reporting requirements for small institutions.

June 17, 2019 WebPage Regulatory News
RESULTS 1 - 10 OF 3265