Among the FED information collections that have been under review, FED posted the final OMB supporting statement for the banking organization systemic risk report (FR Y-15). FED, under the delegated authority from OMB, has extended for three years, with revision, FR Y-15. The revisions are effective from the June 30, 2018 report date.
FED has not revised Schedule B, items 5(a) and 11(a) or Schedule D, item 1, as originally proposed. However, the revisions:
- Include Mexican pesos in total payments activity on Schedule C and remove it from the Memorandum items
- Add securities brokers to the definition of financial institutions in the instructions for Schedule B
- Make minor clarifications to the form and instructions
FR Y-15 report collects systemic risk data from large U.S. bank holding companies, covered savings and loan holding companies, and intermediate holding companies. FED uses the FR Y-15 data to monitor the systemic risk profile of the institutions that are subject to enhanced prudential standards under section 165 of the Dodd-Frank Act. In addition, FR Y-15 is used to facilitate the implementation of the surcharge for global systemically important banks, identify other institutions that may present significant systemic risk, and analyze the systemic risk implications of proposed mergers and acquisitions.
Keywords: Americas, US, Banking, Systemic Risk, Reporting, FR Y-15, FED
Previous ArticleRandal K. Quarles of FED on Tailoring Banking Regulations in US
EBA issued a revised list of validation rules with respect to the implementing technical standards on supervisory reporting.
EBA published its response to the call for advice of EC on ways to strengthen the EU legal framework on anti-money laundering and countering the financing of terrorism (AML/CFT).
NGFS published a paper on the overview of environmental risk analysis by financial institutions and an occasional paper on the case studies on environmental risk analysis methodologies.
MAS published the guidelines on individual accountability and conduct at financial institutions.
APRA published final versions of the prudential standard APS 220 on credit quality and the reporting standard ARS 923.2 on repayment deferrals.
SRB published two articles, with one article discussing the framework in place to safeguard financial stability amid crisis and the other article outlining the path to a harmonized and predictable liquidation regime.
FSB hosted a virtual workshop as part of the consultation process for its evaluation of the too-big-to-fail reforms.
ECB updated the list of supervised entities in EU, with the number of significant supervised entities being 115.
OSFI published the key findings of a study on third-party risk management.
FSB is extending the implementation timeline, by one year, for the minimum haircut standards for non-centrally cleared securities financing transactions or SFTs.