October 06, 2017

The US agencies (OCC, FED, and FDIC) are seeking comments on the proposed Annual Dodd-Frank Act Company-Run Stress Test Report for depository institutions and holding companies with USD 10 to 50 billion in consolidated assets (FFIEC 016). The proposed report would combine the three separate, yet identical, stress test report forms, which are the currently approved collections of information, into a single new FFIEC report. The proposed FFIEC 016 form would take effect for the December 31, 2017 as-of date of the stress test report. The submission deadline for the report would be the following July 31. Comments must be submitted on or before December 05, 2017.

The agencies propose to implement the FFIEC 016 report form to replace the following reporting forms:

  • FED’s FR Y-16, 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
  • FDIC's DFAST 10-50, Company-Run Annual Stress Test Reporting Template and Documentation for Covered Institutions with Total Consolidated Assets of USD 10 Billion to USD 50 Billion under the Dodd-Frank Wall Street Reform and Consumer Protection Act
  • OCC's DFAST 10-50B, Annual Company-Run Stress Test Reporting Template and Documentation for Covered Institutions with Total Consolidated Assets of USD 10 Billion to USD 50 Billion under the Dodd-Frank Wall Street Reform and Consumer Protection Act

As part of their proposed adoption of the new FFIEC 016 report, the agencies are also proposing to implement a limited number of revisions that would align the report with the recent burden-reducing changes to the FFIEC 031 and FFIEC 041 Consolidated Reports of Condition and Income and the FED's FR Y-9C Consolidated Financial Statements for Holding Companies. In addition, the agencies are proposing to have institutions provide their Legal Entity Identifier (LEI) on the report form. The proposed FFIEC 016 reporting requirements reflect the company-run stress testing requirements promulgated by the Dodd-Frank Act. The respondents for the proposed FFIEC 016 are institutions with average consolidated assets of at least USD 10 billion, but less than USD 50 billion.

 

Related Link: Federal Register Notice (PDF)

Comment Due Date: December 05, 2017

Effective Date: December 31, 2017

Keywords: Americas, US, Banking, Stress Testing, Dodd Frank Act, FFIEC 016, DFAST 10-50, DFAST 10-50B, FR Y-16, US Agencies

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