Featured Product

    FED Issues Federal Register Notices on FR Y-9C and Regulation QQ

    January 24, 2018

    FED published the final Federal Register notice adopting a proposal to extend for three years, with revision, the FR Y-9C reporting form, among others; FR Y-9C refers to the Consolidated Financial Statements for Holding Companies. FED also posted an OMB supporting statement and an initial Federal Register notice inviting comments on a proposal to extend, with revision, the mandatory reporting requirements associated with Regulation QQ. Comments must be submitted by March 23, 2018. FED also updated the description page of the form for Complex Institution Liquidity Monitoring Report (FR 2052a). FR 2052a report collects quantitative information on selected assets, liabilities, funding activities, and contingent liabilities on a consolidated basis and by material entity subsidiary.

    FED is implementing a number of revisions to the FR Y-9C reporting requirements, most of which are consistent with recent changes to the FFIEC Consolidated Reports of Condition and Income (FFIEC 031, FFIEC 041, and FFIEC 051). Additionally, FED is eliminating the concept of extraordinary items on various reports, adding a new item to the FR Y-9SP report, and revising instructions to clarify the reporting of certain tax benefits on various reports. The changes would be effective for reports reflecting the March 31, 2018 reporting date. The changes include deletion of existing data items, addition of one data item, increase in one reporting threshold, addition of one new reporting threshold on the FR Y-9C for certain data items, elimination of extraordinary items, and revisions to certain data items.

    Regulation QQ applies to bank holding companies with assets of USD 50 billion or more and nonbank financial firms that have been designated for FED supervision. These entities are required to annually report to FED and FDIC their plans for rapid and orderly resolution under the U.S. Bankruptcy Code, in the event of material financial distress or failure. FED proposes to revise its original burden estimates, with the burden increase being mitigated by postponement of the July 2018 submission date for resolution plans of the complex, domestic filers, which account for the largest percentage of overall burden hours. 


    Related Links

    Comment Due Date: March 23, 2018 (Regulation QQ)

    Keywords: Americas, US, Banking, Reporting, FR Y-9C, FR 2052a, Regulation QQ, FED

    Featured Experts
    Related Articles
    News

    APRA Issues Operational Risk Rules, Consults on Reporting Requirements

    APRA published an updated prudential standard APS 115 that sets out operational risk requirements for authorized deposit-taking institutions in Australia.

    December 11, 2019 WebPage Regulatory News
    News

    APRA Decides to Keep Countercyclical Capital Buffer for Banks at 0%

    APRA announced its decision to keep the countercyclical capital buffer (CCyB) for authorized deposit-taking institutions on hold at zero percent.

    December 11, 2019 WebPage Regulatory News
    News

    EBA Issues Revised List of Validation Rules for Reporting by Banks

    EBA published a revised list of validation rules in its implementing technical standards on supervisory reporting.

    December 10, 2019 WebPage Regulatory News
    News

    SRB Holds Annual Conference, Reflects on Turning Policy into Action

    SRB published a report on its fourth annual conference that was held on October 10, 2019 in Brussels.

    December 10, 2019 WebPage Regulatory News
    News

    FED Extends Consultation Period for Capital Requirements for Insurers

    FED is extending comment period for the proposed rule establishing risk-based capital requirements for depository institution holding companies that are significantly engaged in insurance activities.

    December 10, 2019 WebPage Regulatory News
    News

    OSFI Sets Domestic Stability Buffer Level at 2.25%

    OSFI has set the Domestic Stability Buffer, or DSB, at 2.25% of total risk-weighted assets, with effect from April 30, 2020.

    December 10, 2019 WebPage Regulatory News
    News

    FSB Examines Financial Stability Aspects of Bigtech and Cloud Services

    FSB published two reports that consider the financial stability implications from the offering of financial services by bigtech firms and the adoption of cloud computing and data services across a range of functions at financial institutions.

    December 09, 2019 WebPage Regulatory News
    News

    HKMA Proposes Changes to Module on Supervision of Concentration Risk

    HKMA issued a circular proposing revisions to the Supervisory Policy Manual module CR-L-1 on consolidated supervision of concentration risks under the Banking (Exposure Limits) Rules (BELR) Rule 6.

    December 09, 2019 WebPage Regulatory News
    News

    BoE Updates XBRL Filing Manual for Reporting Under Solvency II

    BoE has updated the XBRL filing manual (to Version 5.0) to help firms and software vendors create XBRL instance documents for Solvency II Pillar 3 and BoE Insurance reporting.

    December 09, 2019 WebPage Regulatory News
    News

    APRA Specifies Capital Treatment of Equity Investments in ABGF

    APRA published a letter to the authorized deposit-taking institutions outlining the regulatory capital treatment of their equity investments in the Australian Business Growth Fund (ABGF).

    December 09, 2019 WebPage Regulatory News
    RESULTS 1 - 10 OF 4301