Featured Product

    FDIC Seeks Comments on Renewal of Certain Information Collections

    May 25, 2018

    FDIC is soliciting comments on renewal of certain currently approved information collections under the Paperwork Reduction Act of 1995. Renewal is being sought for information collections on credit risk retention (OMB No. 3064-0183), on disclosure requirements associated with the supplementary leverage ratio (OMB No. 3064-0196), and on the Interagency Supervisory Guidance for the Supervisory Review Process of Capital Adequacy (Pillar 2) related to the implementation of the Basel II advanced capital framework (OMB No. 3064-0165). Comments must be submitted on or before July 24, 2018.

    The information collection on credit risk retention impacts insured state non-member banks, insured state branches of foreign banks, state savings associations, and certain subsidiaries of these entities. This information collection request relates to the disclosure and recordkeeping requirements of 12 CFR part 373 (the Credit Risk Retention Rule), which implements section 15G of the Securities Exchange Act of 1934, added by section 941 of the Dodd-Frank Act. The Credit Risk Retention Rule was jointly issued by FDIC, OCC, FED, SEC and, with respect to the portions of the Rule addressing the securitization of residential mortgages, FHFA and the Department of Housing and Urban Development.

    The information collection on disclosure requirements associated with the supplementary leverage ratio impacts insured state nonmember banks and state savings associations that are subject to the FDIC advanced approaches risk-based capital rules. The supplementary leverage ratio regulations strengthen the definition of total leverage exposure and improve the measure of a banking organization's on- and off-balance sheet exposures. The rules are generally consistent with the 2014 BCBS revisions and promote consistency in the calculation of this ratio across jurisdictions. 

    The information collection on interagency supervisory guidance for the supervisory review process of capital adequacy (Pillar 2) related to the implementation of the Basel II advanced capital framework impacts insured state nonmember banks and certain subsidiaries of these entities. As part of the supervisory guidance, banks should state clearly the definition of capital used in any aspect of its internal capital adequacy assessment process (ICAAP) and document any changes in the internal definition of capital. Additionally, the board of directors are required approve the ICAAP of a bank, review it on a regular basis, and approve any changes. The number of institutions subject to the record keeping requirements has decreased from eight to two.

    FDIC invites comments on:

    • Whether the collections of information are necessary for the proper performance of FDIC's functions, including whether the information has practical utility
    • The accuracy of the estimates of the burdens of the information collections, including the validity of the methodology and assumptions used
    • Ways to enhance the quality, utility, and clarity of the information to be collected
    • Ways to minimize the burden of the collections of information on respondents, including through the use of automated collection techniques or other forms of information technology

     

    Related Link: Federal Register Notice

    Comment Due Date: July 24, 2018

    Keywords: Americas, US, Banking, Credit Risk Retention, Credit Risk, Dodd Frank Act, SLR, Disclosures, ICAAP, Reporting, FDIC

    Featured Experts
    Related Articles
    News

    HKMA Announces Liquidity Measures in Response to COVID-19 Outbreak

    HKMA issued a circular on liquidity measures that HKMA has taken or plans to take in response to COVID-19 outbreak.

    April 03, 2020 WebPage Regulatory News
    News

    BaFin Lowers Countercyclical Capital Buffer Amid COVID-19 Outbreak

    BaFin published a general order to lower the countercyclical capital buffer (CCyB) from 0.25% to 0% as of April 01, 2020.

    April 03, 2020 WebPage Regulatory News
    News

    ESMA Updates Risk Assessment in Light of COVID-19

    ESMA updated its risk assessment to account for the impact of the COVID-19 pandemic.

    April 02, 2020 WebPage Regulatory News
    News

    FSB Outlines and Reprioritizes Its Work to Address COVID-19 Risks

    FSB published a statement that outlines its work toward addressing the financial stability risks posed by COVID-19, along with the reprioritization of its work program for 2020.

    April 02, 2020 WebPage Regulatory News
    News

    EIOPA Announces Measures to Address the Impact of COVID-19

    Due to the outbreak of COVID-19, EIOPA is re-prioritizing and alleviating the burden by extending the deadlines or delaying projects where input from national competent authorities and/or industry is foreseen.

    April 02, 2020 WebPage Regulatory News
    News

    EBA Guidelines on Use of Payment Moratoria to Address Liquidity Issues

    EBA published detailed guidance on the treatment of legislative and non-legislative moratoria on loan repayments to be applied before June 30, 2020, in light of the COVID-19 crisis.

    April 02, 2020 WebPage Regulatory News
    News

    PRA Outlines Approach to Reporting and Disclosures Amid COVID-19

    PRA published a statement to outline its approach to regulatory reporting and Pillar 3 disclosures for UK banks, building societies, designated investment firms, and credit unions.

    April 02, 2020 WebPage Regulatory News
    News

    PRA Finalizes Certain Modeling Issues for Solvency II Internal Models

    PRA published a statement (PS9/20) that sets out the final policy on modeling of income-producing real estate loans and internal credit assessment for illiquid, unrated assets within the Solvency II internal models.

    April 02, 2020 WebPage Regulatory News
    News

    EIOPA Issues Statement on Mitigating Impact of COVID-19 Outbreak

    EIOPA issued a statement to insurers and intermediaries, urging them to take steps to mitigate the impact of COVID-19 on consumers.

    April 01, 2020 WebPage Regulatory News
    News

    APRA on Changes to Reporting Obligations for Banks Due to COVID-19

    APRA, in collaboration with the Reserve Bank of Australia (RBA) and the Australian Bureau of Statistics (ABS), published a letter outlining temporary changes in reporting obligations for authorized deposit-taking institutions and registered financial corporations, in response to COVID-19.

    April 01, 2020 WebPage Regulatory News
    RESULTS 1 - 10 OF 4936