Featured Product

    FED Revises and Extends Reporting Form on Systemic Risk

    December 27, 2019

    FED adopted a proposal to revise and extend, for three years, the Banking Organization Systemic Risk Report (FR Y-15). This report is used to monitor the systemic risk profile of institutions that are subject to enhanced prudential standards under section 165 of the Dodd-Frank Act. Some revisions become effective beginning with the December 31, 2019 report date while other revisions become effective for the June 30, 2020 or December 31, 2020 report dates. FED also published the draft reporting form and instructions for FR Y-15 (OMB No. 7100-0352).

    FED had published, on September 10, 2019,  a notice in the Federal Register requesting comments, for 60 days, on the extension and revision of the Banking Organization Systemic Risk Report. The proposal was to revise the FR Y-15 report by:

    • Adding trading volume items to the memoranda section of Schedule C
    • Adding a separate line item for equity securities with readily determinable fair values not held for trading on Schedule D
    • Adding derivatives items and revised total cross-jurisdictional claims and total cross-jurisdictional liabilities items to the memoranda section of Schedule E
    • Adding a requirement that respondents keep a record of the data submitted
    • Making other minor clarifications to the form and instructions

    The comment period for the proposal expired on November 12, 2019. FED received three comment letters on the proposed information collection—two letters from financial industry trade organizations and one letter from a U.S. global systemically important bank holding company (G-SIB). Among other issues, respondents requested a delay in the effective date of certain proposed items, clarifications on the scope and intent of certain proposed items, further information on the ability to use existing reporting form data submissions in the proposed items, and additional proposed changes to the G-SIB rule or the scope of current indicators in the G-SIB surcharge methodology. Consequently, FED has adopted the proposal with certain modifications. 

     

    Related Links

    Keywords: Americas, US, Banking, FR Y-15, Systemic Risk, Dodd Frank Act, G-SIB, Reporting, FED

    Featured Experts
    Related Articles
    News

    EC Rule on Contractual Recognition of Write Down and Conversion Powers

    The European Commission (EC) published the Delegated Regulation 2021/1527 with regard to the regulatory technical standards for the contractual recognition of write down and conversion powers.

    September 17, 2021 WebPage Regulatory News
    News

    APRA Issues Further Guidance on Application of Securitization Standard

    The Australian Prudential Regulation Authority (APRA) published a new set of frequently asked questions (FAQs) to provide guidance to authorized deposit-taking institutions on the interpretation of APS 120, the prudential standard on securitization.

    September 16, 2021 WebPage Regulatory News
    News

    SRB Provides Update on Approach to Prior Permissions Regime

    The Single Resolution Board (SRB) published a Communication on the application of regulatory technical standard provisions on prior permission for reducing eligible liabilities instruments as of January 01, 2022.

    September 16, 2021 WebPage Regulatory News
    News

    APRA Publishes FAQs on Capital Treatment of Overseas Subsidiaries

    The Australian Prudential Regulation Authority (APRA) published a new set of frequently asked questions (FAQs) to clarify the regulatory capital treatment of investments in the overseas deposit-taking and insurance subsidiaries.

    September 15, 2021 WebPage Regulatory News
    News

    EBA Finalizes Guidance to Assess Breaches of Large Exposure Limits

    The European Banking Authority (EBA) published the final report on the guidelines specifying the criteria to assess the exceptional cases when institutions exceed the large exposure limits and the time and measures needed for institutions to return to compliance.

    September 15, 2021 WebPage Regulatory News
    News

    PRA Finalizes Changes to Consolidated Prudential Rules Under CRD5/CRR2

    The Prudential Regulation Authority (PRA) issued the policy statement PS20/21, which contains final rules for the application of existing consolidated prudential requirements to financial holding companies and mixed financial holding companies.

    September 15, 2021 WebPage Regulatory News
    News

    EBA Revises Guidelines on Stress Tests of Deposit Guarantee Schemes

    The European Banking Authority (EBA) revised the guidelines on stress tests to be conducted by the national deposit guarantee schemes under the Deposit Guarantee Schemes Directive (DGSD).

    September 15, 2021 WebPage Regulatory News
    News

    Nordea Bank and EIB Sign Agreement to Fund Green Projects in Nordics

    The European Commission (EC) announced that Nordea Bank has signed a guarantee agreement with the European Investment Bank (EIB) Group to support the sustainable transformation of businesses in the Nordics.

    September 15, 2021 WebPage Regulatory News
    News

    HKMA Endorses Industry Guidance to Support LIBOR Transition

    The Hong Kong Monetary Authority (HKMA) issued a circular, for all authorized institutions, to confirm its support of an information note that sets out various options available in the loan market for replacing USD LIBOR with the Secured Overnight Financing Rate (SOFR).

    September 14, 2021 WebPage Regulatory News
    News

    OCC Issues Booklet on Supervision of Problem Banks

    The Office of the Comptroller of the Currency (OCC) issued a new "Problem Bank Supervision" booklet of the Comptroller's Handbook. The booklet covers information on timely identification and rehabilitation of problem banks and their advanced supervision, enforcement, and resolution when conditions warrant.

    September 13, 2021 WebPage Regulatory News
    RESULTS 1 - 10 OF 7481