Featured Product

    OCC Proposes Revisions to DFAST Regulatory Reporting Requirements

    November 08, 2017

    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. 

     

    Related Links

    Comment Due Date: January 08, 2018

    Keywords: Americas, US, Banking, Regulatory Reporting, Stress Testing, Dodd-Frank Act, CCAR, FR Y-14a, Reporting, DFAST, OCC

    Featured Experts
    Related Articles
    News

    PRA Guides Further on Treatment of Payment Deferrals in CRR and IFRS 9

    PRA published a "Dear CEO" letter from Sam Woods, its Deputy Governor and CEO, to update the March guidance on treatment of COVID-19-related payment deferrals under IFRS 9 and the Capital Requirements Regulation (CRR).

    June 04, 2020 WebPage Regulatory News
    News

    MAS Announces Additional Relief Measures Amid COVID Crisis

    MAS, along with the Ministry of Finance (MOF), the Inland Revenue Authority of Singapore (IRAS), and the Enterprise Singapore (ESG), announced a package of measures to support those that may face cash-flow constraints.

    June 03, 2020 WebPage Regulatory News
    News

    ESMA Consults on Guidelines for Cloud Outsourcing

    ESMA published a consultation paper on guidelines on outsourcing to cloud service providers.

    June 03, 2020 WebPage Regulatory News
    News

    EBA to Release Data for 2020 Spring Transparency Exercise Next Week

    EBA announced that it will release the bank-by-bank data of the Spring 2020 EU-wide transparency exercise on Monday, June 8.

    June 02, 2020 WebPage Regulatory News
    News

    PRA Issues Statement on Use of E-Signatures to Submit Regulatory Forms

    PRA issued a statement confirming that firms may use electronic signatures for submission of forms and other regulatory documents, although in specific instances PRA may request a "wet signature" where it is appropriate to do so.

    June 02, 2020 WebPage Regulatory News
    News

    EBA to Require Additional Reporting and Disclosures for COVID Measures

    EBA published the guidelines and templates for reporting and disclosure of exposures subject to measures applied in response to the COVID-19 crisis.

    June 02, 2020 WebPage Regulatory News
    News

    FCA Guidance Confirms Support for Mortgage Customers Amid Crisis

    FCA updated its guidance confirming the support firms should give to mortgage customers that are either coming to the end of a payment holiday or are yet to request one.

    June 02, 2020 WebPage Regulatory News
    News

    US Agencies Temporarily Amend Supplementary Leverage Ratio Calculation

    US Agencies (FDIC, FED, and OCC) published an interim final rule that temporarily revises the supplementary leverage ratio calculation for depository institutions.

    June 01, 2020 WebPage Regulatory News
    News

    APRA FAQ for Standard on Margins for Non-Centrally Cleared Derivatives

    APRA published a frequently asked question (FAQ) providing guidance to all APRA-regulated entities in determining their requirements under the prudential standard CPS 226 on margins and risk mitigation for non-centrally cleared derivatives.

    June 01, 2020 WebPage Regulatory News
    News

    EBA Proposes Revised Standards for Own Funds and Eligible Liabilities

    EBA published a consultation paper on the draft amended regulatory technical standards on own funds and eligible liabilities.

    May 29, 2020 WebPage Regulatory News
    RESULTS 1 - 10 OF 5253