FED proposed to revise and extend, for three years, the Complex Institution Liquidity Monitoring Report (FR 2052a) for banks. The FR 2052a reporting form and instructions are being revised to accurately reflect the net stable funding ratio (NSFR) final rule, which was published in October 2020, and to capture other data elements necessary to monitor the liquidity positions and compliance with Liquidity Risk Measurement Standards. FED also proposed other minor clarifications and conforming edits to the form and instructions to address industry inquiries. Comments must be submitted by May 28, 2021, with the proposed changes expected to be effective from July 01, 2021. FED has published the draft reporting instructions and associated appendices, along with the supporting statement for FR 2052a.
FR 2052a collects quantitative information on select assets, liabilities, funding activities, and contingent liabilities of certain large banking organizations with USD 100 billion or more in total consolidated assets supervised by FED on a consolidated basis. FED uses this information to monitor the liquidity profile of these banking organizations. FED proposed to revise the FR 2052a by expanding the definition of the term “Transactional Accounts” to include the subset of transaction accounts recently added to the definition of “transaction accounts” under the Regulation D on reserve requirements of depository institutions. In addition, FED proposed to revise the FR 2052a to collect information and data related to the requirements of the NSFR final rule by:
- Adding certain new data field definitions
- Adding clarifying language to parts of the instructions
- Adding certain new data categories
- Reclassifying certain existing data categories
- Streamlining certain existing language in the instructions
- Federal Register Notice
- Draft Reporting Instructions (PDF)
- Appendix: NSFR to FR 2052a Mapping (PDF)
- Appendix: LCR to FR 2052a Mapping (PDF)
- Supporting Statement (PDF)
- Reporting Form Updates
Comment Due Date: May 28, 2021
Effective Date: July 01, 2021 (Proposed)
Keywords: Americas, US, Banking, FR 2052a, Liquidity Monitoring, NSFR, Reporting, LCR, Liquidity Risk, FED
Previous ArticleMAS Consults on Credit Risk Capital and Output Floor Requirements
The European Financial Reporting Advisory Group (EFRAG), which plays a crucial role in shaping corporate reporting standards in European Union (EU), is seeking comments, until May 21, 2024, on the Exposure Draft ESRS for listed SMEs.
Banking regulators worldwide are increasingly focusing on addressing, monitoring, and supervising the institutions' exposure to climate and environmental risks.
The use cases of generative AI in the banking sector are evolving fast, with many institutions adopting the technology to enhance customer service and operational efficiency.
As part of the increasing regulatory focus on operational resilience, cyber risk stress testing is also becoming a crucial aspect of ensuring bank resilience in the face of cyber threats.
A few years down the road from the last global financial crisis, regulators are still issuing rules and monitoring banks to ensure that they comply with the regulations.
The European Commission (EC) recently issued an update informing that the European Council and the Parliament have endorsed the Banking Package implementing the final elements of Basel III standards
The Swiss Federal Council recently decided to further develop the Swiss Climate Scores, which it had first launched in June 2022.
The Basel Committee on Banking Supervision (BCBS) launched consultation on a Pillar 3 disclosure framework for climate-related financial risks, with the comment period ending on February 29, 2024.
The U.S. President Joe Biden signed an Executive Order, dated October 30, 2023, to ensure safe, secure, and trustworthy development and use of artificial intelligence (AI).
The Monetary Authority of Singapore (MAS) launched an integrated digital platform, Gprnt, also known as “Greenprint.”