Featured Product

    FDIC Requires Submission of Call Reports by End of October 2020

    October 14, 2020

    FDIC, in a letter to financial institutions, announced that the Consolidated Reports of Condition and Income (or Call Reports) for the September 30, 2020 reporting date must be submitted to the Central Data Repository of the relevant US agencies by October 30, 2020, with the exception of certain institutions with foreign offices. The supplemental instructions for Call Reports as well as the supplemental instructions for COVID-19-related activities affecting Call Reports and FFIEC 101 (which addresses the regulatory capital reporting for institutions subject to advanced capital adequacy framework) accompany the FDIC letter. Institutions with more than one foreign office, other than a “shell” branch or an International Banking Facility, are permitted an additional five calendar days to submit the Call Report data. Such institutions must electronically file the data to the Central Data Repository no later than November 04, 2020. The Call Report forms for September 30, 2020 are available through the FFIEC and the FDIC websites.

    As FFIEC previously advised, the Call Reports and FFIEC 101 for March and June 2020 included revisions associated with several interim final rules and a final rule issued by one or all of the agencies in response to the impact on the financial markets and economy as a result of the COVID-19 pandemic. The revisions also resulted from certain provisions of the 2020 Coronavirus Aid, Relief, and Economic Security Act (CARES Act). During the third quarter, US Agencies finalized several of the capital-related interim final rules with no changes or only limited changes. Institutions should refer to the standalone September 2020 COVID-19-related supplemental instructions and address these revisions.

    There are no new Call Report data items in the FFIEC 031, FFIEC 041, or FFIEC 051 Call Report forms this quarter. New topics that have been added to the September 2020 supplemental instructions for Call Reports are “Reference Rate Reform” and “Uncollectible Accrued Interest Receivable under ASC Topic 326.” The topic on “Reporting High Volatility Commercial Real Estate (HVCRE) Exposures” has been removed from the supplemental instructions this quarter. In addition, these supplemental instructions include an Appendix providing information on certain sections of the CARES Act that affect accounting and regulatory reporting.

     

    Related Links

    Keywords: Americas, US, Banking, COVID-19, Submission Timeline, Reporting, Call Reports, Supplemental Instructions, CARES Act, FFIEC 101, FFIEC, Basel, Regulatory Capital, FDIC

    Featured Experts
    Related Articles
    News

    EC Regulation Sets Out Standards for Reporting and Disclosure of MREL

    EC published the Implementing Regulation 2021/763 that lays down implementing technical standards for supervisory reporting and public disclosure of the minimum requirement for own funds and eligible liabilities (MREL).

    May 12, 2021 WebPage Regulatory News
    News

    EBA Report Notes Loan Origination Should Remain in Supervisory Focus

    EBA published a report that examines the convergence of prudential supervisory practices in 2020 and offers conclusions of the EBA college monitoring activity.

    May 12, 2021 WebPage Regulatory News
    News

    APRA Decides to Standardize Submission Date for Quarterly Reporting

    APRA announced the standardization of quarterly reporting due dates for authorized deposit-taking institutions.

    May 11, 2021 WebPage Regulatory News
    News

    ECB Working Group Publishes Recommendations on EURIBOR Fallbacks

    The private sector working group of ECB on euro risk-free rates published the recommendations to address events that would trigger fallbacks in the Euro Interbank Offered Rate (EURIBOR)-related contracts, along with the €STR-based EURIBOR fallback rates (rates that could be used if a fallback is triggered).

    May 11, 2021 WebPage Regulatory News
    News

    Bundesbank Publishes Supporting Documentation for Reporting by Banks

    Bundesbank published a list of "EntryPoints" that are accepted in its reporting system; the list provides taxonomy version and name of the module against each EntryPoint.

    May 11, 2021 WebPage Regulatory News
    News

    EBA Publishes Phase 1 of Reporting Framework 3.1

    EBA published the phase 1 of its reporting framework 3.1, with the technical package covering the new reporting requirements for investment firms (under the implementing technical standards on investment firms reporting).

    May 10, 2021 WebPage Regulatory News
    News

    IOSCO Sees Support for Mandatory Sustainability Reporting

    The Sustainable Finance Taskforce of IOSCO held two roundtables, with global stakeholders, on the IOSCO priorities to enhance the reliability, comparability, and consistency of sustainability-related disclosures and to collect views on the practical implementation of a global system architecture for these disclosures.

    May 10, 2021 WebPage Regulatory News
    News

    APRA to Finalize Capital Adequacy Standard Revisions by January 2022

    Asia Pacific Australia Banking APS 111 Capital Adequacy Regulatory Capital Basel RBNZ APRA

    May 10, 2021 WebPage Regulatory News
    News

    ESMA Issues Guidelines on Outsourcing to Cloud Service Providers

    ESMA published the final guidelines on outsourcing to cloud service providers.

    May 10, 2021 WebPage Regulatory News
    News

    EBA Publishes Data on Deposit Guarantee Schemes

    EBA published annual data for two key concepts and indicators in the Deposit Guarantee Schemes (DGS) Directive—available financial means and covered deposits.

    May 10, 2021 WebPage Regulatory News
    RESULTS 1 - 10 OF 6967