Featured Product

    FED Updates Form and Instructions for FR Y-9C Reporting

    June 30, 2021

    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). The supplemental instructions highlight that there are twelve new report items effective this quarter on Schedule HC-R, Part I, Regulatory Capital, which implement the changes under the final rule on total loss-absorbing capacity (TLAC) for advanced approaches holding companies. In addition, there are instructional changes to certain existing line items in Part I and Part II of Schedule HC-R, Regulatory Capital, pertaining to TLAC.

    Other technical clarifications made to the FR Y-9C instruction include the following:

    • Schedule HI-B, Part II, Changes in Allowances for Credit Losses, item 6—Clarifications related to reporting the initial gross-up amount for the allowance for purchased credit deteriorated assets.
    • Schedule HC-S, Servicing, Securitization, and Asset Sale Activities, item 1—Updates for reporting of 1-4 family residential mortgages sold to a Federal Home Loan Bank through a Mortgage Partnership Finance Program.
    • Glossary entries for “Short Position” and “Trading Account”—updated to clarify the netting of certain long and short trading positions determined by an identical unique identifier for purposes of the FR Y-9C report and the reporting of certain trading revenue.
    • Glossary entry for “Goodwill”Updated for private company accounting alternatives for goodwill impairment.

     

    Related Links

    Keywords: Americas, US, Banking, Reporting, FR Y-9C,  Regulatory Capital, TLAC, Securitization, Supplemental Instructions, Basel, FED

    Featured Experts
    Related Articles
    News

    ECB Further Reviews Costs and Benefits Associated with IReF

    The European Central Bank (ECB) is undertaking the integrated reporting framework (IReF) project to integrate statistical requirements for banks into a standardized reporting framework that would be applicable across the euro area and adopted by authorities in other EU member states.

    September 15, 2022 WebPage Regulatory News
    News

    BCBS to Finalize Crypto Rules by End-2022; US to Propose Basel 3 Rules

    The Basel Committee on Banking Supervision met, shortly after a gathering of the Group of Central Bank Governors and Heads of Supervision (GHOS), the oversight body of BCBS.

    September 15, 2022 WebPage Regulatory News
    News

    IOSCO Welcomes Work on Sustainability-Related Corporate Reporting

    The International Organization of Securities Commissions (IOSCO) welcomed the work of the international audit and assurance standard setters—the International Auditing and Assurance Standards Board (IAASB)

    September 15, 2022 WebPage Regulatory News
    News

    EBA Publishes Funding Plans Report, Receives EMAS Certification

    The European Banking Authority (EBA) has been awarded the top European Standard for its environmental performance under the European Eco-Management and Audit Scheme (EMAS).

    September 15, 2022 WebPage Regulatory News
    News

    BoE Allows One-Day Delay in Statistical Data Submissions by Banks

    The Bank of England (BoE) published a Statistical Notice (2022/18), which informs that due to the Bank Holiday granted for Her Majesty Queen Elizabeth II’s State Funeral on Monday September 19, 2022.

    September 14, 2022 WebPage Regulatory News
    News

    ACPR Amends Reporting Module Timelines Under EBA Framework 3.2

    The French Prudential Control and Resolution Authority (ACPR) announced that the European Banking Authority (EBA) has updated its filing rules and the implementation dates for certain modules of the EBA reporting framework 3.2.

    September 14, 2022 WebPage Regulatory News
    News

    APRA to Modernize Prudential Architecture, Reduces Liquidity Facility

    The Australian Prudential Regulation Authority (APRA) announced reduction in the aggregate Committed Liquidity Facility (CLF) for authorized deposit-taking entities to ~USD 33 billion on September 01, 2022.

    September 12, 2022 WebPage Regulatory News
    News

    PBC Issues List of Systemic Banks, Adds 2 Foreign Banks to CERB List

    The China Banking and Insurance Regulatory Commission (CBIRC) published the administrative measures for internal control of wealth management companies, which come into force on the day of promulgation.

    September 09, 2022 WebPage Regulatory News
    News

    PRA Publishes Discussion Paper on Its Future Approach to Policy

    The Prudential Regulation Authority (PRA) proposed its approach to policy-making as it takes on wider rulemaking responsibilities under the Financial Services and Markets Bill.

    September 08, 2022 WebPage Regulatory News
    News

    ECB Publishes Opinion on Proposed Regulation on Data Act

    The European Central Bank (ECB) published its opinion on the proposal for a regulation on harmonized rules on fair access to and use of data (Data Act).

    September 08, 2022 WebPage Regulatory News
    RESULTS 1 - 10 OF 8511