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

Related Articles
News

PRA Finalizes Reporting Amendments to Pillar 2 Liquidity Framework

PRA published the final Policy Statement PS13/19 on regulatory reporting amendments and clarifications to the Pillar 2 liquidity framework for banks in UK.

June 17, 2019 WebPage Regulatory News
News

FSB Assesses Implementation of Compensation Standards and Principles

FSB published the sixth progress report on the implementation of its principles and standards for sound compensation practices in financial institutions.

June 17, 2019 WebPage Regulatory News
News

IMF Publishes Reports on 2019 Article IV Consultation with Ireland

IMF published its staff report and selected issues report under the 2019 Article IV consultation with Ireland.

June 17, 2019 WebPage Regulatory News
News

EBA Updates Data on Deposit Guarantee Schemes in EU

EBA published the 2018 data on two key concepts in the Deposit Guarantee Schemes Directive (DGSD)—namely, available financial means and covered deposits.

June 17, 2019 WebPage Regulatory News
News

SNB Updates Form for Reporting Solvency Risk of Counterparties

SNB published the survey (Form Release 5.01) and related documentation for reporting solvency risk of counterparties in the interbank sector (ARIS).

June 17, 2019 WebPage Regulatory News
News

ISDA Studies Variation in Global Implementation of Margin Requirements

ISDA published a paper that highlights the main areas of difference in the implementation of margin requirements for non-cleared derivatives across jurisdictions and makes recommendations on how to resolve these variations.

June 17, 2019 WebPage Regulatory News
News

US Agencies Finalize Rule to Streamline Reporting for Small Banks

US Agencies (FDIC, FED, and OCC) adopted a final rule to streamline the regulatory reporting requirements for small institutions.

June 17, 2019 WebPage Regulatory News
News

IAIS Consults on Revisions to IAIS Supervisory Material

IAIS has launched a public consultation on revisions to the IAIS supervisory material.

June 14, 2019 WebPage Regulatory News
News

IMF Paper on Implementing Prudential Standards in Developing Economies

IMF published a working paper that provides practical guidance on how developing economies, including non-Basel Committee member countries, could incorporate international standards into their prudential framework.

June 14, 2019 WebPage Regulatory News
News

EBA Single Rulebook Q&A: Second Update for June 2019

EBA published answers to five questions under the Single Rulebook question and answer (Q&A) updates for this week.

June 14, 2019 WebPage Regulatory News
RESULTS 1 - 10 OF 3262