Featured Product

    FDIC Issues Letter on Submission of Call Reports by End of July 2020

    July 10, 2020

    FDIC, in a letter to financial institutions, announced that the Consolidated Reports of Condition and Income (or Call Reports) for the June 30, 2020 report date must be submitted to the Central Data Repository of the relevant US agencies by July 30, 2020, with the exception of certain institutions with foreign offices. The supplemental instructions for FFIEC 031, FFIEC 041, and FFIEC 051 Call Reports and the supplemental instructions for COVID-19-related activities affecting the Call Reports are also attached with the FDIC letter. Institutions with more than one foreign office, other than a “shell” branch or an International Banking Facility, are permitted an additional five calendar days to submit the Call Report data. Such institutions must electronically file the data to the Central Data Repository no later than August 04, 2020. The Call Report forms for June 30, 2020 are available through the FFIEC and the FDIC websites.

    As mentioned in an FDIC letter from June 2020, the Call Report for this quarter includes revisions associated with several interim final rules and a final rule issued by one or all of the agencies in response to the impact on the financial markets and economy as a result of COVID-19. The revisions also result from certain provisions of the 2020 Coronavirus Aid, Relief, and Economic Security Act (CARES Act). New data items related to these rulemakings and the CARES Act have been added to the Call Reports for this quarter. Institutions should refer to the COVID-19-related supplemental instructions that were published in June 2020 and address these revisions. The standalone instructions also incorporate reporting instructions for COVID-19-related interim final rules that took effect for the first quarter 2020 Call Report. A number of Call Report revisions that are taking effect for the June 30, 2020 report date also implement certain recent changes to the agencies’ capital rule. Institutions are reminded that non-advanced approaches institutions that did not elect to implement the changes in capital requirements associated with the capital simplifications rule for the reporting period ending March 31, 2020 should implement these changes for the reporting period ending June 30, 2020.

     

    Related Links

    Keywords: Americas, US, Banking, COVID-19, Submission Deadline, Reporting, Call Reports, Supplemental Instructions, CARES Act, FFIEC, FDIC, US Agencies

    Featured Experts
    Related Articles
    News

    EC Issues Regulation on Adjustments to K-Factor Coefficients Under IFR

    The European Commission (EC) published a report summarizing responses to the targeted consultation on the supervisory convergence and the single rulebook in the European Union (EU).

    January 20, 2022 WebPage Regulatory News
    News

    OSFI Issues Results of Pilot on Climate Risk Scenario Analysis

    The Office of the Superintendent of Financial Institutions (OSFI) published an update on the discussion paper that intended to engage federally regulated financial institutions and other interested stakeholders in a dialog with OSFI, to proactively enhance and align assurance expectations over key regulatory returns.

    January 20, 2022 WebPage Regulatory News
    News

    ECB Issues Opinions on Green Bonds Standard and CRR Proposals

    The European Central Bank (ECB) published its opinion on a proposal for a regulation on European green bonds, following a request from the European Parliament.

    January 19, 2022 WebPage Regulatory News
    News

    ESRB Explores Policy Response to Risks Arising from Digitalization

    The Advisory Scientific Committee (ASC) of the European Systemic Risk Board (ESRB) published a report that explores the expected impact of digitalization on provision of financial and banking services, and proposes policy measures to address the risks stemming from digitalization.

    January 18, 2022 WebPage Regulatory News
    News

    EU Authorities Address COVID-19 Reporting, MCD, and PSD2 Issues

    The European Banking Authority (EBA) announced that the guidelines on the reporting and disclosure of exposures subject to measures COVID-relief measures shall continue to apply until further notice.

    January 17, 2022 WebPage Regulatory News
    News

    FI Publishes Multiple Regulatory and Reporting Updates

    The Swedish Financial Supervisory Authority (FI) announced that the capital adequacy reporting as at December 31, 2021 must be done by February 11, 2022.

    January 17, 2022 WebPage Regulatory News
    News

    BSP Tackles Aspects of Lending and Islamic, Open & Sustainable Finance

    The Central Bank of the Philippines (BSP) issued communications covering developments related to online lending platforms, open finance framework and roadmap, and on the expected regulations in the area sustainable finance.

    January 16, 2022 WebPage Regulatory News
    News

    US Agencies Issue Regulatory Updates, FDIC Launches Tech Sprint

    The Board of Governors of the Federal Reserve System (FED) published the final rule that amends Regulation I to reduce the quarterly reporting burden for member banks by automating the application process for adjusting their subscriptions to the Federal Reserve Bank capital stock, except in the context of mergers.

    January 13, 2022 WebPage Regulatory News
    News

    EBA Issues Guide on Bank Resolvability, Consults on Transferability

    The European Banking Authority (EBA) published its assessment of risks through the quarterly Risk Dashboard and the results of the Autumn edition of the Risk Assessment Questionnaire (RAQ).

    January 13, 2022 WebPage Regulatory News
    News

    MFSA Publishes CRD5 Updates and Supervisory Priorities for 2022

    The Malta Financial Services Authority (MFSA) updated the guidelines on supervisory reporting requirements under the reporting framework 3.0.

    January 13, 2022 WebPage Regulatory News
    RESULTS 1 - 10 OF 7875