OCC is requesting comments on the proposed revisions to the regulatory reporting requirements for national banks and federal savings associations titled, “Company-Run Annual Stress Test Reporting Template and Documentation for Covered Institutions with Total Consolidated Assets of USD 50 Billion or More under the Dodd-Frank Wall Street Reform and Consumer Protection Act.” Comments must be received by January 08, 2018.
The proposed revisions would modify the DFAST–14A reporting forms and instructions to provide that all federal savings associations may comply with these simplified reporting requirements. This change would promote parity between national banks and federal savings associations that have similar size profiles and economic characteristics. The proposed revisions to the DFAST–14A reporting templates consist of the following:
- Eliminating two schedules, the Regulatory Capital Transitions Schedule and Retail Repurchase Exposures Schedule
- Adding one item to the counterparty worksheet of the summary schedule to collect information of Funding Valuation Adjustments for firms subject to the Global Market Shock
- Eliminating references to the term ‘‘extraordinary items’’ to align with Federal Accounting Standards Board Subtopic 255–30
- Modifying instructions to clarify reporting of ‘‘Credit Loss Portion’’ and ‘‘Non-Credit Loss Portion’’ information for Available for Sale/Held to Maturity worksheets in the summary schedule
OCC recognizes that many covered institutions with consolidated assets of USD 50 billion or more are required to submit reports using Comprehensive Capital Analysis and Review (CCAR) reporting form FR Y-14A. OCC also recognizes the FED has proposed to modify the FR Y-14A and, to the extent practical, OCC will keep its reporting requirements consistent with the FED’s FR Y-14A to minimize burden on covered institutions. Therefore, OCC is proposing to revise its reporting requirements to mirror the FED’s proposed FR Y-14A for covered institutions with consolidated assets of USD 50 billion or more. In addition to the changes that parallel the FED’s proposed changes to the FR Y-14A, OCC is also proposing two other changes. First, the proposal would modify the OCC supplemental schedule. Second, the proposal would allow federal savings associations to comply with the reporting requirements applicable to subsidiaries of large, non-complex holding companies, as defined by the FED.
Comment Due Date: January 08, 2018
Keywords: Americas, US, Banking, Regulatory Reporting, Stress Testing, Dodd-Frank Act, CCAR, FR Y-14a, Reporting, DFAST, OCC
APRA issued a letter to authorized deposit-taking institutions announcing its intent to formalize the capital measures and reporting requirements for COVID-19 loans through temporary legislative instruments.
EBA is inviting relevant stakeholders, such as financial institutions and information and communication technology (ICT) third-party providers, to share their views and experience on the use of regtech solutions through its regtech industry survey.
BoE published a statistical notice (Notice 2020/9) explaining the approach for treatment of payment holidays on the profit and loss return or Form PL.
FASB announced the launch of its new Post-Implementation Review (PIR) web portal.
EBA revised the draft implementing technical standards on supervisory reporting as part of the reporting framework 3.0.
ECB published report that presents a summary of the analysis conducted on the internal capital adequacy assessment process (ICAAP) practices of a sample of 37 "significant" banks.
BoE updated the known issues document for the statistical reporting Forms AS and FV.
FED announced individual capital requirements for 34 large banks and these requirements go into effect on October 01, 2020.
SRB published a set of documents to give operational guidance to banks on implementation of the bail-in tool.
BIS published an update on the G20 TechSprint Initiative, which was launched in April 2020 and aims to highlight the potential for technologies to resolve regulatory compliance (regtech) and supervisory (suptech) challenges.