The Board of Governors of the Federal Reserve System (FED) updated reporting form and instructions, along with the associated supplemental instructions, for the information collection on consolidated financial statements for holding companies (FR Y-9C). Additionally, FED is seeking comments on a proposal to extend for three years, without revision, the Report of Institution-to-Aggregate Granular Data on Assets and Liabilities on an Immediate Counterparty Basis (FR 2510). Comments must be submitted by December 17, 2021. FED also published a supporting statement for FR 2510.
The proposed FR 2510 would collect
- granular exposure data on the assets, liabilities, and off-balance sheet holdings of bank holding companies headquartered in the United States that are global systemically important bank holding companies (G-SIBs), providing breakdowns by instrument, currency, maturity, and sector.
- data covering the detailed positions for each respondent’s top 35 countries of exposure, broken down by instrument and counterparty sector, subject to a USD 2 billion minimum threshold for country exposure, on an immediate-counterparty basis, as reported in the consolidated Country Exposure Report (FFIEC 009).
- information on financial derivatives by instrument type and foreign exchange derivatives by currency and would support a more complete balance sheet analysis regarding common or correlated exposures and funding dependencies by providing more information about U.S. G-SIBs’ consolidated exposures and funding positions to different countries according to instrument, counterparty sector, currency, and remaining maturity.
- Reporting Form FR Y-9C (PDF)
- Reporting Instructions FR Y-9C (PDF)
- Supplemental Instructions for FR Y-9C (PDF)
- Federal Register Notice
- Supporting Statement for FR 2510 (PDF)
Comment Due Date: December 17, 2021
Keywords: Americas, US, Banking, Reporting, FR Y-9C, Regulatory Capital, Supplemental Instructions, Basel, FR 2510, G-SIB, FED
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The Office of the Superintendent of Financial Institutions (OSFI) released the annual report for 2020-2021.
The Australian Prudential Regulation Authority (APRA) released the final Prudential Practice Guide on management of climate change financial risks (CPG 229) for banks, insurers, and superannuation trustees.
The European Banking Authority (EBA) Single Rulebook Question and Answer (Q&A) tool updates for this month include answers to 10 questions.
The European Commission (EC) has adopted a package of measures related to the Capital Markets Union.
The European Council adopted its position on two proposals that are part of the digital finance package adopted by the European Commission in September 2020, with one of the proposals involving the regulation on markets in crypto-assets (MiCA) and the other involving the Digital Operational Resilience Act (DORA).
The Prudential Regulation Authority (PRA) is proposing, via the consultation paper CP21/21, to apply group provisions in the Operational Resilience Part of the PRA Rulebook (relevant for the Capital Requirements Regulation or CRR firms) to holding companies.
The Board of Governors of the Federal Reserve System (FED) published a report that summarizes banking conditions in the United States, along with the supervisory and regulatory activities of FED.
The European Banking Authority (EBA) published the final report on draft regulatory technical standards for the calculation of risk-weighted exposure amounts of collective investment undertakings or CIUs, in line with the Capital Requirements Regulation (CRR).
The Australian Prudential Regulation Authority (APRA) recently completed two pilot initiatives in its 2020-2024 Cyber Security Strategy, which was published in November 2020.