Featured Product

    US Agencies Propose to Revise Call Reports FFIEC 031, 041, and 051

    May 06, 2019

    US Agencies (FDIC, FED, and OCC) proposed to revise and extend, for three years, the Call Reports FFIEC 031, FFIEC 041, and FFIEC 051. FFIEC 31 is the consolidated report of condition and income for a bank with domestic and foreign offices, FFIEC 041 is the consolidated report of condition and income for a bank with only domestic offices, and FFIEC 051 is the consolidated report of condition and income for a bank with only domestic offices and with total assets of less than USD 1 billion. Comments must be submitted on or before June 18, 2019. On May 06, 2019, FDIC also published a letter announcing publication of the proposed forms under the community bank leverage ratio, or CBLR, consultation.

    The proposed revisions to the Call Reports would implement reporting changes that are consistent with the US Agencies' proposed rule, which was published in February 2019, to develop a simplified alternative measure of capital adequacy and the community bank leverage ratio for certain qualifying community banks with less than USD 10 billion in consolidated assets. The proposed changes are consistent with section 201 of the Economic Growth, Regulatory Relief, and Consumer Protection (EGRRCP) Act. The proposed revisions would also implement reporting changes consistent with the FDIC's proposed rule, which was published on February 21, 2019, to amend the deposit insurance assessment regulations to apply the community bank leverage ratio framework to the deposit insurance assessment system. The proposed revisions would take effect in the same quarter as the effective date of the forthcoming final rules on the community bank leverage ratio and the related deposit insurance assessment revisions.

    At the end of the comment period for this notice, FFIEC and the agencies will review any comments received to determine whether to modify the proposal in response to comments. If modifications are made to the proposed community bank leverage ratio or deposit insurance assessment rules when those rules are adopted in the final form, the agencies would modify the Call Report proposal to incorporate such changes. The agencies will then publish a second Federal Register notice on the proposal for a 30-day comment period and submit the final Call Reports to OMB for review and approval.

     

    Related Links 

    Comment Due Date: June 18, 2019

    Keywords: Americas, US, Banking, EGRRCP Act, Reporting, Regulatory Capital, CBLR Framework, Leverage Ratio, Community Banks, FFIEC 031, FFIEC 041, FFIEC 051, US Agencies

    Featured Experts
    Related Articles
    News

    EC Regulation Sets Out Standards for Reporting and Disclosure of MREL

    EC published the Implementing Regulation 2021/763 that lays down implementing technical standards for supervisory reporting and public disclosure of the minimum requirement for own funds and eligible liabilities (MREL).

    May 12, 2021 WebPage Regulatory News
    News

    EBA Report Notes Loan Origination Should Remain in Supervisory Focus

    EBA published a report that examines the convergence of prudential supervisory practices in 2020 and offers conclusions of the EBA college monitoring activity.

    May 12, 2021 WebPage Regulatory News
    News

    APRA Decides to Standardize Submission Date for Quarterly Reporting

    APRA announced the standardization of quarterly reporting due dates for authorized deposit-taking institutions.

    May 11, 2021 WebPage Regulatory News
    News

    ECB Working Group Publishes Recommendations on EURIBOR Fallbacks

    The private sector working group of ECB on euro risk-free rates published the recommendations to address events that would trigger fallbacks in the Euro Interbank Offered Rate (EURIBOR)-related contracts, along with the €STR-based EURIBOR fallback rates (rates that could be used if a fallback is triggered).

    May 11, 2021 WebPage Regulatory News
    News

    Bundesbank Publishes Supporting Documentation for Reporting by Banks

    Bundesbank published a list of "EntryPoints" that are accepted in its reporting system; the list provides taxonomy version and name of the module against each EntryPoint.

    May 11, 2021 WebPage Regulatory News
    News

    EBA Publishes Phase 1 of Reporting Framework 3.1

    EBA published the phase 1 of its reporting framework 3.1, with the technical package covering the new reporting requirements for investment firms (under the implementing technical standards on investment firms reporting).

    May 10, 2021 WebPage Regulatory News
    News

    IOSCO Sees Support for Mandatory Sustainability Reporting

    The Sustainable Finance Taskforce of IOSCO held two roundtables, with global stakeholders, on the IOSCO priorities to enhance the reliability, comparability, and consistency of sustainability-related disclosures and to collect views on the practical implementation of a global system architecture for these disclosures.

    May 10, 2021 WebPage Regulatory News
    News

    APRA to Finalize Capital Adequacy Standard Revisions by January 2022

    Asia Pacific Australia Banking APS 111 Capital Adequacy Regulatory Capital Basel RBNZ APRA

    May 10, 2021 WebPage Regulatory News
    News

    ESMA Issues Guidelines on Outsourcing to Cloud Service Providers

    ESMA published the final guidelines on outsourcing to cloud service providers.

    May 10, 2021 WebPage Regulatory News
    News

    EBA Publishes Data on Deposit Guarantee Schemes

    EBA published annual data for two key concepts and indicators in the Deposit Guarantee Schemes (DGS) Directive—available financial means and covered deposits.

    May 10, 2021 WebPage Regulatory News
    RESULTS 1 - 10 OF 6967