Featured Product

    FED Publishes OMB Supporting Statement on FFIEC 031, 041, 051 and 016

    May 02, 2018

    FED published OMB supporting statement for Call Reports FFIEC 031, FFIEC 041, and FFIEC 051, in addition to the supporting statement for FFIEC 016, which is the Annual Dodd-Frank Act Company-Run Stress Test Report for depository institutions and holding companies with USD 10 to USD 50 billion in consolidated assets.

    FED requests approval from OMB to extend for three years, with revision, the Call Reports FFIEC 031, FFIEC 041, and FFIEC 051. These data are required from state member banks and are filed quarterly. The revisions to the Call Reports that are the subject of the request have been approved by FFIEC. State member banks are required to file both detailed schedules of assets, liabilities, and capital accounts in the form of a condition report and summary statement as well as detailed schedules of operating income and expense, sources and disposition of income, and changes in equity capital.

    Additionally, FED requests approval from OMB to extend for three years, with revision, the mandatory FFIEC 016. The FFIEC 016 would replace FED’s FR Y-16, which it currently uses to collect the annual company-run stress test results. FR Y-16 is the Annual Company-Run Stress Test Report for state member banks, bank holding companies, and savings and loan holding companies with total consolidated assets greater than USD 10 billion and less than USD 50 billion. The revisions to the FFIEC 016 that are the subject of the request have been approved by FFIEC. The annual FFIEC 016 report collects quantitative projections of revenues, losses, assets, liabilities, and capital across three scenarios provided by FED (baseline, adverse, and severely adverse), along with the qualitative supporting information on the methodologies and processes used to develop these internal projections.

     

    Related Links

    Keywords: Americas, US, Banking, Stress Testing, Dodd Frank Act, Call Reports, FFIEC 016, FR Y-16, DFAST, FED

    Featured Experts
    Related Articles
    News

    APRA Updates Lists of Validation and Derivation Rules in December 2019

    APRA updated the lists of the Direct to APRA (D2A) validation and derivation rules for authorized deposit-taking institutions, insurers, and superannuation entities.

    December 13, 2019 WebPage Regulatory News
    News

    APRA Finalizes Prudential Standard for Credit Risk Management of Banks

    APRA updated the prudential standard on credit risk management requirements (APS 220) for authorized deposit-taking institutions, post a public consultation.

    December 12, 2019 WebPage Regulatory News
    News

    EIOPA Consults on Guidelines on ICT Security and Governance

    EIOPA issued a consultation on guidelines on the Information and Communication Technology (ICT) security and governance by insurers.

    December 12, 2019 WebPage Regulatory News
    News

    BCBS Consults on Design of Prudential Treatment for Crypto-Assets

    BCBS published a discussion paper on the design of prudential treatment for crypto-asset exposures of banks.

    December 12, 2019 WebPage Regulatory News
    News

    NCUA Approves Delay of Risk-Based Capital Rules Until January 2022

    The NCUA Board held its eleventh open meeting of 2019 and approved a final rule to delay the effective date of the risk-based capital rules for credit unions to January 01, 2022.

    December 12, 2019 WebPage Regulatory News
    News

    APRA Issues Operational Risk Rules, Consults on Reporting Requirements

    APRA published an updated prudential standard APS 115 that sets out operational risk requirements for authorized deposit-taking institutions in Australia.

    December 11, 2019 WebPage Regulatory News
    News

    ESMA Updates Q&A on European Benchmarks Regulation in December 2019

    ESMA updated the question and answers (Q&A) document on the European Benchmarks Regulation.

    December 11, 2019 WebPage Regulatory News
    News

    APRA Decides to Keep Countercyclical Capital Buffer for Banks at 0%

    APRA announced its decision to keep the countercyclical capital buffer (CCyB) for authorized deposit-taking institutions on hold at zero percent.

    December 11, 2019 WebPage Regulatory News
    News

    ESMA on Draft Amendments to Indices and Recognized Exchanges Under CRR

    ESMA issued the final report on draft amendments to the Implementing Regulation (EU) 2016/1646, which specifies the main indices and recognized exchanges, under the Capital Requirements Regulation (CRR), that are relevant to credit institutions and investment firms subject to prudential requirements and trading venues.

    December 11, 2019 WebPage Regulatory News
    News

    FED Extends Consultation Period for Capital Requirements for Insurers

    FED is extending comment period for the proposed rule establishing risk-based capital requirements for depository institution holding companies that are significantly engaged in insurance activities.

    December 10, 2019 WebPage Regulatory News
    RESULTS 1 - 10 OF 4316