Featured Product

    US Agencies Propose to Revise FFIEC Call Reports and FFIEC 101 Report

    October 04, 2019

    US Agencies (FDIC, FED, and OCC) proposed to revise and extend for three years the call reports FFIEC 031, FFIEC 041, FFEIC 051, and FFIEC 101. In addition, FED separately plans to propose the corresponding revisions to the Consolidated Financial Statements for Holding Companies (FR Y-9C). Comments on the consultation must be submitted on or before December 03, 2019. The agencies invite comment on any difficulties that institutions would expect to encounter in implementing the systems changes necessary to accommodate the proposed revisions to the Call Reports and the FFIEC 101 report or the minimum time required to make systems changes to implement these changes.

    FFIEC 031 refers to the consolidated reports of condition and income for a bank with domestic and foreign offices, FFIEC 041 refers to the consolidated reports of condition and income for a bank with domestic offices only, FFIEC 051 refers to the consolidated reports of condition and income for a bank with domestic offices only and total assets less than USD 5 billion, and FFIEC 101 is the form on regulatory capital reporting for institutions subject to the advanced capital adequacy framework. The proposed revisions to the Call Reports and the FFIEC 101 report would implement various changes to the agencies' capital rule that the agencies have finalized or are considering finalizing. The following key revisions are being proposed:

    • A change in the scope of the FFIEC 031 Call Report as well as an instructional revision for the reporting of operating lease liabilities in the Call Reports, both of which would take effect March 31, 2020
    • A Call Report instructional revision for home equity lines of credit that convert from revolving to non-revolving status would also take effect from March 31, 2021
    • Changes to Call Report Schedule RC-R, Part I Re,gulatory Capital Components and Ratios and FFIEC 101 Schedule A, Advanced Approaches Regulatory Capital
    • Revisions to the instructions for Call Report Schedule RC-R, Part II, as well as to SLR Table 2 in FFIEC 101 Schedule A, to implement the proposed changes to the calculation of the exposure amount of derivative contracts under the agencies' capital rule, to provide clarification for institutions subject to Category III capital standards.
    • Revisions to the Call Reports for banks that qualify for and opt into the Community Bank Leverage Ratio (CBLR) framework, consistent with the planned CBLR final rule. The reporting changes to the Call Reports proposed in the notice would take effect in the same quarter as the effective date of the planned final rule adopting the CBLR framework. 
    • Amendments to certain regulatory reports to clarify the reporting requirements for the institutions that would be subject to the domestic interagency tailoring and foreign interagency tailoring proposed rules issued in December 2018 and May 2019, respectively. 

     

    Related Link: Federal Register Notice

    Comment Due Date: December 03, 2019

    Keywords: Americas, US, Banking, Reporting, FFIEC 031, FFIEC 041, FFIEC 051, Call Reports, FFIEC 101, CBLR Framework, TLAC, Regulatory Capital, US Agencies

    Featured Experts
    Related Articles
    News

    EBA Publishes Final Regulatory Standards on STS Securitizations

    The European Banking Authority (EBA) published the final draft regulatory technical standards specifying and, where relevant, calibrating the minimum performance-related triggers for simple.

    September 20, 2022 WebPage Regulatory News
    News

    ECB Further Reviews Costs and Benefits Associated with IReF

    The European Central Bank (ECB) is undertaking the integrated reporting framework (IReF) project to integrate statistical requirements for banks into a standardized reporting framework that would be applicable across the euro area and adopted by authorities in other EU member states.

    September 15, 2022 WebPage Regulatory News
    News

    EBA Publishes Funding Plans Report, Receives EMAS Certification

    The European Banking Authority (EBA) has been awarded the top European Standard for its environmental performance under the European Eco-Management and Audit Scheme (EMAS).

    September 15, 2022 WebPage Regulatory News
    News

    MAS Launches SaaS Solution to Simplify Listed Entity ESG Disclosures

    The Monetary Authority of Singapore (MAS) set out the Financial Services Industry Transformation Map 2025 and, in collaboration with the SGX Group, launched ESGenome.

    September 15, 2022 WebPage Regulatory News
    News

    BCBS to Finalize Crypto Rules by End-2022; US to Propose Basel 3 Rules

    The Basel Committee on Banking Supervision met, shortly after a gathering of the Group of Central Bank Governors and Heads of Supervision (GHOS), the oversight body of BCBS.

    September 15, 2022 WebPage Regulatory News
    News

    IOSCO Welcomes Work on Sustainability-Related Corporate Reporting

    The International Organization of Securities Commissions (IOSCO) welcomed the work of the international audit and assurance standard setters—the International Auditing and Assurance Standards Board (IAASB)

    September 15, 2022 WebPage Regulatory News
    News

    BoE Allows One-Day Delay in Statistical Data Submissions by Banks

    The Bank of England (BoE) published a Statistical Notice (2022/18), which informs that due to the Bank Holiday granted for Her Majesty Queen Elizabeth II’s State Funeral on Monday September 19, 2022.

    September 14, 2022 WebPage Regulatory News
    News

    ACPR Amends Reporting Module Timelines Under EBA Framework 3.2

    The French Prudential Control and Resolution Authority (ACPR) announced that the European Banking Authority (EBA) has updated its filing rules and the implementation dates for certain modules of the EBA reporting framework 3.2.

    September 14, 2022 WebPage Regulatory News
    News

    ECB Paper Discusses Disclosure of Climate Risks by Credit Agencies

    The European Central Bank (ECB) published a paper that examines how credit rating agencies accepted by the Eurosystem, as part of the Eurosystem Credit Assessment Framework (ECAF)

    September 13, 2022 WebPage Regulatory News
    News

    APRA to Modernize Prudential Architecture, Reduces Liquidity Facility

    The Australian Prudential Regulation Authority (APRA) announced reduction in the aggregate Committed Liquidity Facility (CLF) for authorized deposit-taking entities to ~USD 33 billion on September 01, 2022.

    September 12, 2022 WebPage Regulatory News
    RESULTS 1 - 10 OF 8514