Featured Product

    OCC Proposes Revisions to DFAST Regulatory Reporting Requirements

    November 08, 2017

    OCC is requesting comments on the proposed revisions to the regulatory reporting requirements for national banks and federal savings associations titled, “Company-Run Annual Stress Test Reporting Template and Documentation for Covered Institutions with Total Consolidated Assets of USD 50 Billion or More under the Dodd-Frank Wall Street Reform and Consumer Protection Act.” Comments must be received by January 08, 2018.

    The proposed revisions would modify the DFAST–14A reporting forms and instructions to provide that all federal savings associations may comply with these simplified reporting requirements. This change would promote parity between national banks and federal savings associations that have similar size profiles and economic characteristics. The proposed revisions to the DFAST–14A reporting templates consist of the following:

    • Eliminating two schedules, the Regulatory Capital Transitions Schedule and Retail Repurchase Exposures Schedule
    • Adding one item to the counterparty worksheet of the summary schedule to collect information of Funding Valuation Adjustments for firms subject to the Global Market Shock
    • Eliminating references to the term ‘‘extraordinary items’’ to align with Federal Accounting Standards Board Subtopic 255–30
    • Modifying instructions to clarify reporting of ‘‘Credit Loss Portion’’ and ‘‘Non-Credit Loss Portion’’ information for Available for Sale/Held to Maturity worksheets in the summary schedule

    OCC recognizes that many covered institutions with consolidated assets of USD 50 billion or more are required to submit reports using Comprehensive Capital Analysis and Review (CCAR) reporting form FR Y-14A. OCC also recognizes the FED has proposed to modify the FR Y-14A and, to the extent practical, OCC will keep its reporting requirements consistent with the FED’s FR Y-14A to minimize burden on covered institutions. Therefore, OCC is proposing to revise its reporting requirements to mirror the FED’s proposed FR Y-14A for covered institutions with consolidated assets of USD 50 billion or more. In addition to the changes that parallel the FED’s proposed changes to the FR Y-14A, OCC is also proposing two other changes. First, the proposal would modify the OCC supplemental schedule. Second, the proposal would allow federal savings associations to comply with the reporting requirements applicable to subsidiaries of large, non-complex holding companies, as defined by the FED. 

     

    Related Links

    Comment Due Date: January 08, 2018

    Keywords: Americas, US, Banking, Regulatory Reporting, Stress Testing, Dodd-Frank Act, CCAR, FR Y-14a, Reporting, DFAST, OCC

    Featured Experts
    Related Articles
    News

    SEC Finalizes Capital and Margin Requirements for Security-Based Swaps

    SEC adopted a package of rules and rule amendments to establish capital, margin, and segregation requirements for security-based swaps, under Title VII of the Dodd-Frank Act.

    August 22, 2019 WebPage Regulatory News
    News

    ECB Revises Prudential Provisioning Expectations for New NPEs

    ECB is revising its supervisory expectations for prudential provisioning of new non-performing exposures (NPEs) specified in the “Addendum to the ECB Guidance to banks on non-performing loans” (Addendum)

    August 22, 2019 WebPage Regulatory News
    News

    CFTC Proposes to Revise Information Collection on Margin Requirements

    CFTC is requesting comments on the burdens associated with certain aspects of the Margin Requirements for Uncleared Swaps for Swap Dealers and Major Swap Participants (final rule).

    August 21, 2019 WebPage Regulatory News
    News

    FASB to Delay Effective Date for Insurance Contracts Standard

    FASB issued a proposed Accounting Standards Update that would grant all insurance companies that issue long-duration contracts, such as life insurance and annuities, additional time to apply the standard that addresses this area of financial reporting.

    August 21, 2019 WebPage Regulatory News
    News

    EBA Publishes Phase 2 of Technical Package on Reporting Framework 2.9

    EBA published phase 2 of its technical package on the reporting framework 2.9, which includes validation rules, Data Point Model (DPM) data dictionary, and XBRL taxonomies.

    August 21, 2019 WebPage Regulatory News
    News

    FSB Publishes Responses to Its Consultation Related to SME Financing

    FSB published responses received to the consultation on a report on the evaluation of the effects of financial regulatory reforms on small and medium-sized enterprise (SME) financing.

    August 21, 2019 WebPage Regulatory News
    News

    APRA Revises Related Entities Standard for Banks

    APRA published a strengthened prudential standard APS 222 on associations with related entities, with the aim to mitigate contagion risk within banking groups.

    August 20, 2019 WebPage Regulatory News
    News

    EBA and ESMA Issue Joint Response to EC Letter on Crypto-Assets

    EBA and ESMA issued a joint response to the EC letter, from July 19, 2019, on crypto-assets.

    August 20, 2019 WebPage Regulatory News
    News

    FSB on Responses to Consultation on Wind-Down of Trading Portfolios

    FSB published responses received to the consultation on the solvent wind-down of the derivatives and trading book portfolio of a global systemically important bank (G-SIB).

    August 19, 2019 WebPage Regulatory News
    News

    FSB Publishes Responses to Consultation on Resolvability Disclosures

    FSB published responses received to the consultation on disclosures for resolution planning and resolvability of banks.

    August 19, 2019 WebPage Regulatory News
    RESULTS 1 - 10 OF 3681