FED updated the form and associated instructions for the FR Y-14Q data collection. The data in FR Y-14Q are used to assess the capital adequacy of large firms using forward-looking projections of revenue and losses, to support supervisory stress test models. The FR Y-14Q report comprises several schedules, including Retail, Securities, Regulatory Capital Instruments, Regulatory Capital, Operational Risk, Trading, Pre-Provision Net Revenue or PPNR, Wholesale, Retail Fair Value Option/Held for Sale, Counterparty, Balances, and Supplemental schedules. The recent revisions relate to the schedules on Counterparty and Regulatory Capital.
FR Y-14Q is reported quarterly on the last calendar day of the quarter, with exceptions for the trading and counterparty schedules. The respondents include U.S. bank holding companies, U.S. intermediate holding companies of foreign banking organizations, and covered savings and loan companies with USD 100 billion or more in total consolidated assets, based on
- the average of the firm's total consolidated assets in the four most recent quarters as reported quarterly on the firm's Consolidated Financial Statements for Holding Companies (FR Y-9C); or
- if the firm has not filed an FR Y-9C for each of the most recent four quarters, then the average of the firm's total consolidated assets in the most recent consecutive quarters as reported quarterly on the firm's FR Y-9Cs
Keywords: Americas, US, Banking, FR Y-14, Stress Testing, FR Y-14Q, Reporting, FED
BIS published a report that presents the results of a survey among more than 60 central banks in late 2020 about their engagement in central bank digital currency (CBDC) work, their motivations, and their intentions regarding CBDC issuance.
OSFI issued a letter to federally regulated deposit-taking institutions on the capital treatment of new loans to businesses through the Highly Affected Sectors Credit Availability Program (HASCAP).
BCBS is consulting on two technical amendments to the rules on minimum haircut floors for securities financing transactions, or SFTs.
EC launched a targeted consultation on the review of crisis management and deposit insurance framework in EU.
EIOPA published a paper that sets out the methodological principles of insurance stress testing with a focus on the liquidity component.
BIS launched a EUR-denominated, open-ended fund for green bond investments by central banks and official institutions, following the launch of the first BIS green bond fund denominated in USD in September 2019.
EBA announced that it will launch the 2021 EU-wide stress test exercise, with the publication of the macroeconomic scenarios on January 29, 2021.
BoE announced that the reporting entities are no longer required to report Form CX after the fourth quarter of 2020 reference period, with the last collection on January 29, 2021.
PRA published Version 3 of the questions and answers (Q&A) on the Branch Return form, with this version superseding the version published in October 2020.
IAIS is consulting on a draft application paper on the supervision of control functions.