Featured Product

    FED Publishes OMB Supporting Statement on FFIEC 031, 041, 051 and 016

    May 02, 2018

    FED published OMB supporting statement for Call Reports FFIEC 031, FFIEC 041, and FFIEC 051, in addition to the supporting statement for FFIEC 016, which is the Annual Dodd-Frank Act Company-Run Stress Test Report for depository institutions and holding companies with USD 10 to USD 50 billion in consolidated assets.

    FED requests approval from OMB to extend for three years, with revision, the Call Reports FFIEC 031, FFIEC 041, and FFIEC 051. These data are required from state member banks and are filed quarterly. The revisions to the Call Reports that are the subject of the request have been approved by FFIEC. State member banks are required to file both detailed schedules of assets, liabilities, and capital accounts in the form of a condition report and summary statement as well as detailed schedules of operating income and expense, sources and disposition of income, and changes in equity capital.

    Additionally, FED requests approval from OMB to extend for three years, with revision, the mandatory FFIEC 016. The FFIEC 016 would replace FED’s FR Y-16, which it currently uses to collect the annual company-run stress test results. FR Y-16 is the Annual Company-Run Stress Test Report for state member banks, bank holding companies, and savings and loan holding companies with total consolidated assets greater than USD 10 billion and less than USD 50 billion. The revisions to the FFIEC 016 that are the subject of the request have been approved by FFIEC. The annual FFIEC 016 report collects quantitative projections of revenues, losses, assets, liabilities, and capital across three scenarios provided by FED (baseline, adverse, and severely adverse), along with the qualitative supporting information on the methodologies and processes used to develop these internal projections.

     

    Related Links

    Keywords: Americas, US, Banking, Stress Testing, Dodd Frank Act, Call Reports, FFIEC 016, FR Y-16, DFAST, FED

    Featured Experts
    Related Articles
    News

    SEC Finalizes Capital and Margin Requirements for Security-Based Swaps

    SEC adopted a package of rules and rule amendments to establish capital, margin, and segregation requirements for security-based swaps, under Title VII of the Dodd-Frank Act.

    August 22, 2019 WebPage Regulatory News
    News

    ECB Revises Prudential Provisioning Expectations for New NPEs

    ECB is revising its supervisory expectations for prudential provisioning of new non-performing exposures (NPEs) specified in the “Addendum to the ECB Guidance to banks on non-performing loans” (Addendum)

    August 22, 2019 WebPage Regulatory News
    News

    CFTC Proposes to Revise Information Collection on Margin Requirements

    CFTC is requesting comments on the burdens associated with certain aspects of the Margin Requirements for Uncleared Swaps for Swap Dealers and Major Swap Participants (final rule).

    August 21, 2019 WebPage Regulatory News
    News

    FASB to Delay Effective Date for Insurance Contracts Standard

    FASB issued a proposed Accounting Standards Update that would grant all insurance companies that issue long-duration contracts, such as life insurance and annuities, additional time to apply the standard that addresses this area of financial reporting.

    August 21, 2019 WebPage Regulatory News
    News

    EBA Publishes Phase 2 of Technical Package on Reporting Framework 2.9

    EBA published phase 2 of its technical package on the reporting framework 2.9, which includes validation rules, Data Point Model (DPM) data dictionary, and XBRL taxonomies.

    August 21, 2019 WebPage Regulatory News
    News

    FSB Publishes Responses to Its Consultation Related to SME Financing

    FSB published responses received to the consultation on a report on the evaluation of the effects of financial regulatory reforms on small and medium-sized enterprise (SME) financing.

    August 21, 2019 WebPage Regulatory News
    News

    APRA Revises Related Entities Standard for Banks

    APRA published a strengthened prudential standard APS 222 on associations with related entities, with the aim to mitigate contagion risk within banking groups.

    August 20, 2019 WebPage Regulatory News
    News

    EBA and ESMA Issue Joint Response to EC Letter on Crypto-Assets

    EBA and ESMA issued a joint response to the EC letter, from July 19, 2019, on crypto-assets.

    August 20, 2019 WebPage Regulatory News
    News

    FSB on Responses to Consultation on Wind-Down of Trading Portfolios

    FSB published responses received to the consultation on the solvent wind-down of the derivatives and trading book portfolio of a global systemically important bank (G-SIB).

    August 19, 2019 WebPage Regulatory News
    News

    FSB Publishes Responses to Consultation on Resolvability Disclosures

    FSB published responses received to the consultation on disclosures for resolution planning and resolvability of banks.

    August 19, 2019 WebPage Regulatory News
    RESULTS 1 - 10 OF 3681