Featured Product

    FHFA Rule on Reporting of Dodd-Frank Act Stress Testing Results

    July 25, 2019

    FHFA published a Federal Register notice specifying that it issued Orders, dated March 05, 2019, with respect to the stress test reporting as of December 31, 2018, under section 165(i)(2) of the Dodd-Frank Act. Summary instructions and guidance accompanied the Orders and also provided testing scenarios. The Orders were issued to Fannie Mae, Freddie Mac, and Federal Home Loan Banks (FHLBanks). Each regulated entity shall report to FHFA and to FED the results of the stress testing, as required by 12 CFR 1238, in the form and with the content described therein and in the summary instructions and guidance, with Appendices 1 through 12 thereto.

    FHFA is responsible for ensuring that the regulated entities operate safely and soundly, including the maintenance of adequate capital and internal controls; that their operations and activities foster liquid, efficient, competitive, and resilient national housing finance markets; and that they carry out their public policy missions through authorized activities. These Orders are being issued under 12 U.S.C. 4516(a), which authorizes the Director of FHFA to require by Order that the regulated entities submit regular or special reports to FHFA and establishes remedies and procedures for failing to make reports required by Order. The Orders, through the accompanying summary instructions and guidance, prescribe, for the regulated entities, the scenarios to be used for stress testing. The summary instructions and guidance also provide, to the regulated entities, advice concerning the content and format of reports required by the Orders and the rule.

    The Enterprises (Fannie Mae and Freddie Mac) must submit results of the Baseline, Adverse, and Severely Adverse scenarios to FHFA and FED on or before May 20, 2019 and must publicly disclose a summary of the results of only the Severely Adverse scenario between August 01 and August 15. FHLBanks are to report results of the Baseline, Adverse, and Severely Adverse scenarios to FHFA and FED by August 31 and publicly disclose a summary of the results of only the Severely Adverse scenario between November 15 and November 30.

     

    Related Links

    Keywords: Americas, US, Banking, DFAST, Stress Testing, Dodd-Frank Act, Orders, Reporting, Fannie Mae, Freddie Mac, FHL Bank System, FED, FHFA

    Featured Experts
    Related Articles
    News

    PRA Finalizes Approach to Supervision of International Banks

    In a recent Market Notice, the Bank of England (BoE) confirmed that green gilts will have equivalent eligibility to existing gilts in its market operations.

    July 26, 2021 WebPage Regulatory News
    News

    FCA Issues PS21/9 on Implementation of Investment Firms Regime

    The Financial Conduct Authority (FCA) published the policy statement PS21/9 on implementation of the Investment Firms Prudential Regime.

    July 26, 2021 WebPage Regulatory News
    News

    EBA Proposes Regulatory Standards to Identify Shadow Banking Entities

    The European Banking Authority (EBA) proposed regulatory technical standards that set out criteria for identifying shadow banking entities for the purpose of reporting large exposures.

    July 26, 2021 WebPage Regulatory News
    News

    IOSCO Proposes Recommendations on ESG Ratings and Data Providers

    The Board of the International Organization of Securities Commissions (IOSCO) proposed a set of recommendations on the environmental, social, and governance (ESG) ratings and data providers.

    July 26, 2021 WebPage Regulatory News
    News

    EC to Defer Application of SFDR Standards Till July 2022

    The European Commission (EC) announced plans to defer the application of 13 regulatory technical standards under the Sustainable Finance Disclosure Regulation (2019/2088) by six months, from January 01, 2022 to July 01, 2022.

    July 23, 2021 WebPage Regulatory News
    News

    BoE Consults on Approach to Setting MREL, Publishes Bail-In Guidance

    The Bank of England (BoE) published a consultation paper on approach to setting minimum requirement for own funds and eligible liabilities (MREL), an operational guide on executing bail-in, and a statement from the Deputy Governor Dave Ramsden.

    July 22, 2021 WebPage Regulatory News
    News

    EBA Seeks Views on Proportionality Assessment Methodology

    The European Banking Authority (EBA) is seeking preliminary input on standardization of the proportionality assessment methodology for credit institutions and investment firms.

    July 22, 2021 WebPage Regulatory News
    News

    US Agencies Propose Changes to Call Reports and Instructions

    Certain regulatory authorities in the US are extending period for completion of the review of certain residential mortgage provisions and for publication of notice disclosing the determination of this review until December 20, 2021.

    July 22, 2021 WebPage Regulatory News
    News

    PRA Finalizes Rulebook Definition of Higher Paid Material Risk-Taker

    The Prudential Regulation Authority (PRA) published the policy statement PS18/21, which introduces an amendment in the definition of "higher paid material risk taker" in the Remuneration Part of the PRA Rulebook.

    July 21, 2021 WebPage Regulatory News
    News

    EBA Examines Asset Encumbrance in Banking Sector

    The European Banking Authority (EBA) published its annual report on asset encumbrance in banking sector.

    July 21, 2021 WebPage Regulatory News
    RESULTS 1 - 10 OF 7291