FED has temporarily approved revisions to the mandatory Complex Institution Liquidity Monitoring Report (FR 2052a), pursuant to the authority delegated to FED by the Office of Management and Budget (OMB). The temporary approval is valid until March 31, 2019. The revisions are applicable as of June 30, 2018. FED also published the OMB supporting statement for FR 2052a, which is used to monitor the overall liquidity profile of institutions supervised by FED.
The Economic Growth, Regulatory Relief, and Consumer Protection (EGRRCP) Act of May 24, 2018 amended various provisions of banking law to eliminate or reduce statutory and regulatory requirements for certain banking organizations. Section 403 of EGRRCP Act provides that the federal banking agencies shall treat certain municipal obligations as high-quality liquid assets (HQLA) for the purpose of their liquidity regulations and must amend those regulations to reflect this new treatment within 90 days of the enactment of EGRRCP Act. The federal banking agencies, on August 22, 2018, issued an interim final rule amending their liquidity regulations (the Liquidity IFR). The current FR 2052a instructions are inconsistent with the provisions of EGRRCP Act. FED has revised the FR 2052a to provide that respondents are permitted to report investment-grade municipal obligations as HQLA, consistent with the EGRRCP Act and the Liquidity IFR.
Keywords: Americas, US, Banking, Reporting, FR 2052a, Liquidity Monitoring, HQLA, EGRRCP Act, FED
Previous ArticleFED Publishes Notice on Temporary Approval of Revisions to FR Y-9C
APRA has concluded its review of the comprehensive plans of authorized deposit-taking institutions for the assessment and management of loans with repayment deferrals.
ESAs (EBA, EIOPA, and ESMA) published the first joint report that assesses risks in the financial sector since the outbreak of the COVID-19 pandemic.
BoE and HM Treasury confirmed that the COVID Corporate Financing Facility (CCFF) will close for new purchases of commercial paper, with effect from March 23, 2021.
ECB published a decision allowing the euro area banks under its direct supervision to exclude certain central bank exposures from the leverage ratio.
ESAs launched a survey seeking feedback on the presentational aspects of product templates under the Sustainable Finance Disclosure Regulation (SFDR or Regulation 2019/2088).
ECB published input of the European System of Central Banks (ESCB) into the EBA feasibility report on reducing the reporting burden for banks in EU.
EC adopted a decision determining, for a limited period of time, that the regulatory framework applicable to central counterparties, or CCPs, in the UK and Northern Ireland is equivalent to the requirements laid down in the European Market Infrastructure Regulation (EMIR or Regulation 648/2012).
EBA has decided to phase out the guidelines on legislative and non-legislative moratoria of loan repayments, in accordance with the earlier specified end of September deadline.
EBA published an Opinion addressed to EC to raise awareness about the opportunity to clarify certain issues related to the definition of credit institution in the upcoming review of the Capital Requirements Directive and Regulation (CRD and CRR).
ECB finalized the guide on assessment methodology for the internal model method for calculating exposure to counterparty credit risk (CCR) and the advanced method for own funds requirements for credit valuation adjustment (A-CVA) risk.