Featured Product

    FED Proposes to Extend and Revise FR Y-14 Reports for Banks

    March 16, 2020

    FED issued a proposal to revise and extend for three years the Capital Assessments and Stress Testing Reports (FR Y-14A/Q/M; OMB No. 7100-0341). Comments must be submitted on or before 60 days after publication in the Federal Register. FED has also temporarily revised the FR Y-14A report pursuant to its authority to temporarily approve a collection of information without providing opportunity for public comment. The temporary revisions are applicable only to reports reflecting the December 31, 2019 as-of date. Additionally, FED has published the draft forms and instructions, along with the draft OMB supporting statement, for FR Y-14A/Q/M.

    FR Y-14A/Q/M reports are used to support Comprehensive Capital Analysis and Review (CCAR) and Dodd-Frank Act Stress Test (DFAST) exercises and supervisory stress test models. These reports are also used in connection with the supervision and regulation of these financial institutions. FED has proposed revisions necessary to better identify risk as part of the CCAR and DFAST exercises; these revisions include revisions to the Trading and Counterparty schedules or sub-schedules as well as capital revisions related to capital simplification, total loss absorbing capacity (TLAC), and standardized approach for counterparty credit risk on derivative contracts (SA-CCR). FED also proposed to make several clarifications to the instructions that were, in part, prompted by the questions FED has received from reporting institutions. All proposed revisions would be effective for the FR Y-14Q and FR Y-14M forms for the September 30, 2020 report date and for the FR Y-14A form for the December 31, 2020 report date.

    Meanwhile, FED temporarily revised the FR Y-14A report to allow eligible firms to incorporate the effects of the simplification and tailoring rules effective with the December 31, 2019 as-of date. The collections of information are applicable to top-tier U.S. bank holding companies and U.S. intermediate holding companies of foreign banking organizations with USD 100 billion or more in total consolidated assets. Covered savings and loan holding companies with USD 100 billion or more in total consolidated assets will also become respondents to the FR Y-14Q and FR Y-14M effective June 30, 2020 and will become respondents to the FR Y-14A effective December 31, 2021.

     

    Related Links

    Comment Due Date: FR+60 Days

    Keywords: Americas, US, Banking, Stress Testing, FR Y-14, Dodd Frank Act, DFAST, CCAR, Reporting, Supporting Statement, TLAC, SA-CCR, Credit Risk, FED

    Featured Experts
    Related Articles
    News

    EC Adopts Financial Reporting Changes Arising from Benchmark Reforms

    EC published Regulation 2021/25 that addresses amendments related to the financial reporting consequences of replacement of the existing interest rate benchmarks with alternative reference rates.

    January 14, 2021 WebPage Regulatory News
    News

    BIS Bulletin Examines Key Elements of Policy Response to Cyber Risk

    BIS published a bulletin, or a note, that examines the cyber threat landscape in the context of the pandemic and discusses policies to reduce risks to financial stability.

    January 14, 2021 WebPage Regulatory News
    News

    HMT Updates List of Post-Brexit Equivalence Decisions in UK

    HM Treasury, also known as HMT, has updated the table containing the list of the equivalence decisions that came into effect in UK at the end of the transition period of its withdrawal from EU.

    January 14, 2021 WebPage Regulatory News
    News

    EBA Issues Erratum for Technical Package on Reporting Framework 3.0

    EBA published an erratum for technical package on phase 1 of the reporting framework 3.0.

    January 14, 2021 WebPage Regulatory News
    News

    APRA Publishes FAQ on Measurement of Credit Risk Weighted Assets

    APRA updated a frequently asked question (FAQ), for authorized deposit-taking institutions, on the measurement of credit risk weighted assets.

    January 14, 2021 WebPage Regulatory News
    News

    EBA Publishes Risk Dashboard for Third Quarter of 2020

    EBA published the quarterly risk dashboard, along with the results of the Risk Assessment Questionnaire survey among 60 banks and 15 market analysts.

    January 13, 2021 WebPage Regulatory News
    News

    ECB Analysis Shows Privacy as Biggest Concern in Use of Digital Euro

    ECB concluded the public consultation on the introduction of a digital euro in EU.

    January 13, 2021 WebPage Regulatory News
    News

    ECB Finalizes Guide on Supervisory Approach to Bank Consolidation

    ECB published a guide that sets out the supervisory approach to consolidation in the banking sector.

    January 12, 2021 WebPage Regulatory News
    News

    SRB Chair Outlines Work Priorities for 2021

    The SRB Chair Elke König published an article setting out work priorities for 2021.

    January 11, 2021 WebPage Regulatory News
    News

    FDIC Selects Companies to Compete in Final Phase of Tech Sprint

    FDIC has selected 11 technology companies—including BearingPoint, Fed Reporter, Inc, and S&P Global Market Intelligence, LLC—for inclusion in the third and final phase of the rapid prototyping competition.

    January 11, 2021 WebPage Regulatory News
    RESULTS 1 - 10 OF 6417