Featured Product

    FHFA Rule on Reporting of Dodd-Frank Act Stress Testing Results

    July 25, 2019

    FHFA published a Federal Register notice specifying that it issued Orders, dated March 05, 2019, with respect to the stress test reporting as of December 31, 2018, under section 165(i)(2) of the Dodd-Frank Act. Summary instructions and guidance accompanied the Orders and also provided testing scenarios. The Orders were issued to Fannie Mae, Freddie Mac, and Federal Home Loan Banks (FHLBanks). Each regulated entity shall report to FHFA and to FED the results of the stress testing, as required by 12 CFR 1238, in the form and with the content described therein and in the summary instructions and guidance, with Appendices 1 through 12 thereto.

    FHFA is responsible for ensuring that the regulated entities operate safely and soundly, including the maintenance of adequate capital and internal controls; that their operations and activities foster liquid, efficient, competitive, and resilient national housing finance markets; and that they carry out their public policy missions through authorized activities. These Orders are being issued under 12 U.S.C. 4516(a), which authorizes the Director of FHFA to require by Order that the regulated entities submit regular or special reports to FHFA and establishes remedies and procedures for failing to make reports required by Order. The Orders, through the accompanying summary instructions and guidance, prescribe, for the regulated entities, the scenarios to be used for stress testing. The summary instructions and guidance also provide, to the regulated entities, advice concerning the content and format of reports required by the Orders and the rule.

    The Enterprises (Fannie Mae and Freddie Mac) must submit results of the Baseline, Adverse, and Severely Adverse scenarios to FHFA and FED on or before May 20, 2019 and must publicly disclose a summary of the results of only the Severely Adverse scenario between August 01 and August 15. FHLBanks are to report results of the Baseline, Adverse, and Severely Adverse scenarios to FHFA and FED by August 31 and publicly disclose a summary of the results of only the Severely Adverse scenario between November 15 and November 30.

     

    Related Links

    Keywords: Americas, US, Banking, DFAST, Stress Testing, Dodd-Frank Act, Orders, Reporting, Fannie Mae, Freddie Mac, FHL Bank System, FED, FHFA

    Featured Experts
    Related Articles
    News

    FDIC Proposes Amendments to Real Estate Lending Standards

    FDIC is seeking comments on a rule to amend the interagency guidelines for real estate lending policies—also known as the Real Estate Lending Standards.

    June 15, 2021 WebPage Regulatory News
    News

    ISDA Consults on Implementation of Fallbacks for Certain Swap Rates

    ISDA is consulting on the implementation of fallbacks for the sterling LIBOR ICE Swap Rate and for the USD LIBOR ICE Swap Rate.

    June 11, 2021 WebPage Regulatory News
    News

    BIS and BoE Launch Innovation Hub in London

    BIS and BoE launched the BIS Innovation Hub Center in London, which is the fourth new Innovation Hub Centre to be opened in the past two years.

    June 11, 2021 WebPage Regulatory News
    News

    ESRB Recommends Reciprocation of Certain Macroprudential Measures

    ESRB published recommendations on the reciprocation of macro-prudential measures in Belgium, France, Luxembourg, Norway, and Sweden.

    June 11, 2021 WebPage Regulatory News
    News

    US Agencies Set Out Unified Agenda for Planned Regulatory Actions

    SEC announced that the Office of Information and Regulatory Affairs released the Spring 2021 Unified Agenda of Regulatory and Deregulatory Actions.

    June 11, 2021 WebPage Regulatory News
    News

    EC Publishes Regulation on Key Aspects of Implementation of SA-CCR

    EC published the Delegated Regulation 2021/931, which supplements the Capital Requirements Regulation (CRR or Regulation 575/2013) with regard to the regulatory technical standards specifying the method for identifying derivative transactions with one or more than one material risk driver.

    June 10, 2021 WebPage Regulatory News
    News

    BCBS Consults on Prudential Treatment of Cryptoasset Exposures

    BCBS is consulting on preliminary proposals for the prudential treatment of cryptoasset exposures of banks.

    June 10, 2021 WebPage Regulatory News
    News

    EBA Revises List of Validation Rules for Reporting

    EBA issued a revised list of validation rules under the implementing technical standards on supervisory reporting.

    June 10, 2021 WebPage Regulatory News
    News

    Banking Authorities and Private Sector Collaborate on Wholesale CBDC

    BIS Innovation Hub, BDF, and SNB announced that, together with a private-sector consortium led by Accenture, they will conduct an experiment using wholesale central bank digital currency (wCBDC) for cross-border settlement.

    June 10, 2021 WebPage Regulatory News
    News

    ESAs Publish Amended Implementing Standards on Mapping of ECAIs

    ESAs published two amended implementing technical standards on the mapping of credit assessments of External Credit Assessment Institutions (ECAIs).

    June 10, 2021 WebPage Regulatory News
    RESULTS 1 - 10 OF 7093