The Office of the Comptroller of the Currency (OCC) issued Versions 1.0 of the "Earnings" and "Regulatory Reporting" booklets of the Comptroller's Handbook. These booklets are prepared for use by OCC examiners in connection with their examination and supervision of national banks, federal savings associations, and federal branches and agencies of foreign banking organizations. The revised "Regulatory Reporting" booklet replaces and rescinds the March 1990 version of the "Review of Regulatory Reports" while the revised "Earnings" booklet replaces and rescinds the March 1990 version of the "Analytical Review of Income and Expense" booklet.
The Regulatory Reporting booklet provides information for examiners on common financial regulatory reports, including the Call Reports and other Federal Financial Institutions Examination Council financial reports. It provides guidance to examiners on how to determine the materiality of a misstatement in a regulatory report and when a refiling might be required. It also discusses sound risk management principles for regulatory reporting, including appropriate board oversight as well as sufficient policies, procedures, personnel, and control systems. Finally, it provides examiners with procedures for assessing regulatory reporting activities of a bank.
The Earnings booklet supplements the earnings core assessments and provides examiners with expanded procedures to use when reviewing earnings for a specific line of business or the bank as a whole. It also provides information on how to complete an earnings analysis, highlights key earnings ratios, and the components that make up those ratios, in addition to discussing other factors to consider when reviewing earnings performance of a bank. Additionally, it discusses sound risk management principles, including appropriate planning, budgeting, and forecasting processes, to ensure that earnings are sufficient to maintain adequate capital and reserves.
Keywords: Americas, US, Banking, Reporting, Comptroller Handbook, Call Reports, FFIEC 031/041/051, Basel, Operational Risk, Internal Controls, Governance, OCC
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The Australian Prudential Regulation Authority (APRA) has published the findings of its latest climate risk self-assessment survey conducted across the banking, insurance, and superannuation industries.
The French Prudential Supervisory Authority (ACPR) published a notice related to the methods for calculating and publishing prudential ratios under the Capital Requirements Directive (CRD IV) and the minimum requirement for own funds and eligible liabilities (MREL).
The European Insurance and Occupational Pension Authority (EIOPA) published the risk dashboard based on Solvency II data and the final version of the application guidance on climate change materiality assessments and climate change scenarios in the Own Risk and Solvency Assessment (ORSA).
The European Banking Authority (EBA) and the European Central Bank (ECB) published their responses to the consultations of the International Sustainability Standards Board (ISSB) and the European Financial Reporting Advisory Group (EFRAG) on sustainability-related disclosure standards.
A Consultative Group on Risk Management (CGRM) at the Bank for International Settlements (BIS) published a report that examines incorporation of climate risks into the international reserve management framework.
The European Banking Authority (EBA) published the final guidelines on liquidity requirements exemption for investment firms, updated version of its 5.2 filing rules document for supervisory reporting, and Single Rulebook Question and Answer (Q&A) updates in July 2022.
The European Insurance and Occupational Pensions Authority (EIOPA) published Version 2.8.0 of the Solvency II data point model (DPM) and XBRL taxonomy.
The European Union published, in the Official Journal of the European Union, an opinion from the European Economic and Social Committee (EESC); the opinion is on the proposal for a regulation to amend the Capital Requirements Regulation (CRR).
HM Treasury published a draft statutory instrument titled “The Financial Services (Miscellaneous Amendments) (EU Exit) Regulations 2022,” along with the related explanatory memorandum and impact assessment.
The Australian Prudential Regulation Authority (APRA) is seeking comments, until October 21, 2022, on the introduction of CPS 230, which is the new cross-industry prudential standard on operational risk management.