OCC Proposes Revisions to the Form DFAST-14A on Stress Testing
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
Next Article
HKMA Finalizes Banking Amendment Ordinance 2018Related Articles
|
News
FDIC Consults on Approach to Resolution Planning for IDIsFDIC approved an Advance Notice of Proposed Rulemaking (ANPR) and is seeking comment on ways to tailor and improve its rule requiring certain insured depository institutions (IDIs) to submit resolution plans.
April 22, 2019
WebPage
Regulatory News
|
|
News
FDIC Specifies Submission Timeline for FFIEC 031, 041, and 051 ReportsFDIC published the financial institution letters (FIL-21-2019 and FIL-22-2019) that offer guidance on submission of Call Reports FFIEC 051, FFIEC 041, and FFIEC 031 for the first quarter of 2019.
April 19, 2019
WebPage
Regulatory News
|
|
News
US Agencies Propose to Revise Call Reports FFIEC 031, 041, and 051US Agencies (FDIC, FED, and OCC) proposed to revise and extend, for three years, the Call Reports FFIEC 031, FFIEC 041, and FFIEC 051.
April 19, 2019
WebPage
Regulatory News
|
|
News
US Agencies Propose to Amend Rule on Supplementary Leverage RatioUS Agencies (FDIC, FED, and OCC) are proposing to revise the capital requirements for supplementary leverage ratio, as required by the Economic Growth, Regulatory Relief, and Consumer Protection (EGRRCP) Act.
April 18, 2019
WebPage
Regulatory News
|
|
News
EP Resolution on Proposal for Sovereign Bond Backed SecuritiesThe European Parliament (EP) published adopted text on the proposal for a regulation of the European Parliament and of the Council on sovereign bond-backed securities (SBBS).
April 16, 2019
WebPage
Regulatory News
|
|
News
HKMA Decides to Maintain Countercyclical Capital Buffer at 2.5%HKMA announced that, in accordance with the Banking (Capital) Rules, the countercyclical capital buffer (CCyB) ratio for Hong Kong remains at 2.5%.
April 16, 2019
WebPage
Regulatory News
|
|
News
EP Approves Agreement on Package of CRD 5, CRR 2, BRRD 2, and SRMR 2The European Parliament (EP) approved the final agreement on a package of reforms proposed by EC to strengthen the resilience and resolvability of European banks.
April 16, 2019
WebPage
Regulatory News
|
|
News
PRA Finalizes Policy on Approach to Managing Climate Change RisksPRA published the policy statement PS11/19, which contains final supervisory statement (SS3/19) on enhancing banks’ and insurers’ approaches to managing the financial risks from climate change (Appendix).
April 15, 2019
WebPage
Regulatory News
|
|
News
PRA Seeks Input and Issues Specifications for Insurance Stress TestsPRA announced that it will conduct an insurance stress test for the largest regulated life and general insurers from July to September 2019.
April 15, 2019
WebPage
Regulatory News
|
|
News
EBA Single Rulebook Q&A: First Update for April 2019EBA published answers to nine questions under the Single Rulebook question and answer (Q&A) updates for this week.
April 12, 2019
WebPage
Regulatory News
|
