FED updated the OMB supporting statement, reporting form, and reporting instructions for FR Y-9C. FED has added a reporting threshold of USD 5 billion or more in total assets, below which holding companies would not be required to complete certain data items. Therefore, it is reducing burden on these financial institutions by adding new and revised reporting thresholds, reducing the reporting frequency for certain data items and schedules from quarterly to semiannually or annually, and combining certain data items. The OMB supporting statement details the revisions made to various schedules and data items in FR Y-9C. These revisions are consistent with the recent and proposed reporting changes to the Call Report.
This report collects data from domestic bank holding companies, savings and loan holding companies, U.S intermediate holding companies, and securities holding companies on a consolidated basis in the form of a balance sheet, an income statement, and detailed supporting schedules, including a schedule of off balance-sheet items. The reporting frequency of FR Y-9C is quarterly, as of the last calendar day of the quarter. This report is filed by certain bank holding companies, savings and loan holding companies, U.S intermediate holding companies and securities holding companies. This report is required under Regulation Y and the Bank Holding Company Act of 1956, as amended. These data are also published in the Federal Reserve Bulletin and the Uniform Bank Holding Company Performance Report of FED.
Keywords: Americas, US, Banking, Reporting, FR Y-9C, Regulation Y, FED
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ECB published a decision allowing the euro area banks under its direct supervision to exclude certain central bank exposures from the leverage ratio.
ESAs launched a survey seeking feedback on the presentational aspects of product templates under the Sustainable Finance Disclosure Regulation (SFDR or Regulation 2019/2088).
ECB published input of the European System of Central Banks (ESCB) into the EBA feasibility report on reducing the reporting burden for banks in EU.
ECB finalized the guide on assessment methodology for the internal model method for calculating exposure to counterparty credit risk (CCR) and the advanced method for own funds requirements for credit valuation adjustment (A-CVA) risk.
EBA published an Opinion addressed to EC to raise awareness about the opportunity to clarify certain issues related to the definition of credit institution in the upcoming review of the Capital Requirements Directive and Regulation (CRD and CRR).
APRA is consulting on updates to ARS 210.0, the reporting standard that sets out requirements for provision of information on liquidity and funding of an authorized deposit-taking institution.
FED released hypothetical scenarios for a second round of stress tests for banks.
FED is proposing to temporarily revise the capital assessments and stress testing reports (FR Y-14A/Q/M) to implement the changes necessary to conduct stressed analysis in connection with the re-submission of capital plans, using data as of June 30, 2020.
FED adopted a proposal to extend for three years, with revision, the information collection under the market risk capital rule (FR 4201; OMB No. 7100-0314).
EBA published a voluntary online survey seeking input from credit institutions on their practices and future plans for Pillar 3 disclosures on the environmental, social, and governance (ESG) risks.