FED proposed to revise and extend, for three years, the Complex Institution Liquidity Monitoring Report (FR 2052a) for banks. The FR 2052a reporting form and instructions are being revised to accurately reflect the net stable funding ratio (NSFR) final rule, which was published in October 2020, and to capture other data elements necessary to monitor the liquidity positions and compliance with Liquidity Risk Measurement Standards. FED also proposed other minor clarifications and conforming edits to the form and instructions to address industry inquiries. Comments must be submitted by May 28, 2021, with the proposed changes expected to be effective from July 01, 2021. FED has published the draft reporting instructions and associated appendices, along with the supporting statement for FR 2052a.
FR 2052a collects quantitative information on select assets, liabilities, funding activities, and contingent liabilities of certain large banking organizations with USD 100 billion or more in total consolidated assets supervised by FED on a consolidated basis. FED uses this information to monitor the liquidity profile of these banking organizations. FED proposed to revise the FR 2052a by expanding the definition of the term “Transactional Accounts” to include the subset of transaction accounts recently added to the definition of “transaction accounts” under the Regulation D on reserve requirements of depository institutions. In addition, FED proposed to revise the FR 2052a to collect information and data related to the requirements of the NSFR final rule by:
- Adding certain new data field definitions
- Adding clarifying language to parts of the instructions
- Adding certain new data categories
- Reclassifying certain existing data categories
- Streamlining certain existing language in the instructions
- Federal Register Notice
- Draft Reporting Instructions (PDF)
- Appendix: NSFR to FR 2052a Mapping (PDF)
- Appendix: LCR to FR 2052a Mapping (PDF)
- Supporting Statement (PDF)
- Reporting Form Updates
Comment Due Date: May 28, 2021
Effective Date: July 01, 2021 (Proposed)
Keywords: Americas, US, Banking, FR 2052a, Liquidity Monitoring, NSFR, Reporting, LCR, Liquidity Risk, FED
Previous ArticleAPRA Proposes Phased Implementation of Reporting Standard ARS 220.0
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.
The Financial Conduct Authority (FCA) published the policy statement PS21/9 on implementation of the Investment Firms Prudential Regime.
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.
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.
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.
The European Insurance and Occupational Pensions Authority (EIOPA) proposed to amend the supervisory statement on supervision of run-off undertakings that are subject to Solvency II regulation.
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.
The European Banking Authority (EBA) is seeking preliminary input on standardization of the proportionality assessment methodology for credit institutions and investment firms.
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.
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.