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

    HKMA Announces Repayment Deferment Under Payment Holiday Scheme

    HKMA, together with the Banking Sector Small and Medium-Size Enterprise (SME) Lending Coordination Mechanism, announced a ninety-day repayment deferment for trade facilities under the Pre-approved Principal Payment Holiday Scheme.

    August 05, 2020 WebPage Regulatory News
    News

    ESRB Paper Presents Alternative Approach to EBA Stress Test Proposal

    The Advisory Scientific Committee of ESRB published a response, in the form of an Insights Paper, to the EBA proposals for reforms to the stress testing framework in EU.

    August 05, 2020 WebPage Regulatory News
    News

    MAS Announces Key Initiatives to Support Adoption of SORA

    MAS announced several initiatives to support adoption of the Singapore Overnight Rate Average (SORA), which is administered by MAS.

    August 05, 2020 WebPage Regulatory News
    News

    BoE Updates Template and Definitions for Form ER

    BoE updated the reporting template for Form ER as well as the Form ER definitions, which contain guidance on the methodology to be used in calculating annualized interest rates.

    August 05, 2020 WebPage Regulatory News
    News

    PRA to Extend Temporary High Balance Coverage Amid COVID Crisis

    PRA published the policy statement PS19/20 on the final policy for extending coverage under the Financial Services Compensation Scheme (FSCS) for Temporary High Balance.

    August 04, 2020 WebPage Regulatory News
    News

    EBA Publishes Standards on Disclosure and Reporting of MREL and TLAC

    EBA published the final draft implementing technical standards for disclosures and reporting on the minimum requirements for own funds and eligible liabilities (MREL) and the total loss-absorbing capacity (TLAC) requirements in EU.

    August 03, 2020 WebPage Regulatory News
    News

    EBA Releases Erratum for Phase 2 Package on Reporting Framework 2.10

    EBA published an erratum for the phase 2 of technical package on the reporting framework 2.10.

    August 03, 2020 WebPage Regulatory News
    News

    EC Sets Out Updated Technical Information for Solvency II Calculations

    EC published the Implementing Regulation 2020/1145, which lays down technical information for calculation of technical provisions and basic own funds.

    August 03, 2020 WebPage Regulatory News
    News

    US Agencies Issue Statement on Additional COVID-19 Loan Accommodations

    FFIEC, on behalf of its members that include US Agencies such as CFPB, FDIC, FED, NCUA, and OCC, issued a joint statement that sets out prudent risk management and consumer protection principles for financial institutions to consider while working with borrowers.

    August 03, 2020 WebPage Regulatory News
    News

    PRA Consults on Implementation of Certain Provisions of CRD5

    PRA, via the consultation paper CP12/20, proposed changes to its rules, supervisory statements, and statements of policy to implement certain elements of the Capital Requirements Directive (CRD5).

    July 31, 2020 WebPage Regulatory News
    RESULTS 1 - 10 OF 5624