Events listed in [FED] Federal Reserve Board
Guidance for Resolution Plan Submissions of Foreign Triennial Full Filers
ID 24990
As previously announced on September 19, 2023 (EventID 22850), the Board of Governors of the Federal Reserve System (FED) and Federal Deposit Insurance Corporation (FDIC) have now published in the Federal Register their proposed new Guidance for Resolution Plan Submissions of Foreign Triennial Full Filers which is intended to assist foreign banking organizations in developing their resolution plans as required under the Dodd-Frank Wall ...
Proposed Agency Information Collection Activities; Comment Request (FED proposes to ...
ID 24894
On September 11, 2023, the Board of Governors of the Federal Reserve System (FED) published in the Federal Register a consultation on a proposed extension – with revisions – of its filing requirement (Form FR 2590) under its „single-counterparty credit limit rule (SCCL rule)“ which sets limits to the level of exposure large domestic and foreign banks can have to another counterparty. Specifically, the ...
Proposed Agency Information Collection Activities; Comment Request (FED proposes to ...
ID 24887
The Board of Governors of the Federal Reserve System (FED) published in the Federal Register its proposal to extend for three years, with revisions, the recordkeeping and disclosure requirements associated with „Regulation R“ which provides exceptions for certain activities conducted by banks from being classified as „broker“ activities under the Securities Exchange Act of 1934. These requirements include, but are not limited to the ...
Agencies request comment on proposed rule to require large banks to maintain ...
ID 24754
On August 29, 2023, the Office of the Comptroller of the Currency (OCC), the Board of Governors of the Federal Reserve System (FED), and the Federal Deposit Insurance Corporation (FDIC) (collectively referred to as the „agencies“ or „regulators“) jointly issued a notice of proposed rulemaking. **This proposal aims to mandate certain large depository institution holding companies, U.S. intermediate holding companies of foreign banking organizations ...
Agencies propose guidance to enhance resolution planning at large banks
ID 24752
The Board of Governors of the Federal Reserve System (FED) and Federal Deposit Insurance Corporation (FDIC) have jointly published a press release to inform that they are launching consultations on a new Guidance for Resolution Plan Submissions of Domestic Triennial Full Filers and Guidance for Resolution Plan Submissions of Foreign Triennial Full Filers which are expected to provide comprehensive guidance to large (foreign) financial ...
Agency Information Collection Activities: Announcement of Board Approval Under ...
ID 24670
Following the consultation in March 2023, FED has released amendments. Please see eventid=20378 for more information. Financial Statements for Holding Companies (FR Y–9 reports; OMB No. 7100–0128) will be extended for the next 3 years, as per FED’s decision. Under the current law, holding companies (HC) are required to submit their yearly financial reporting via FR Y–9 reports in order to identify and monitor ...
SR 23-7
ID 24592
The Federal Reserve has announced a new „Novel Activities Supervision Program“ (Program), which focuses on supervision and oversight of banking activities on „crypto-assets, distributed ledger technology (DLT), and complex, technology-driven partnerships with nonbanks“. The reasoning behind it is that while technology and innovation can benefit customers and be tailored-to their needs, it also can lead to thus far unknown risks and material losses. The ...
Federal Reserve Board releases results of survey of senior financial officers at ...
ID 24518
Following the semi-annual survey among senior financial officers at banks about their strategies and practices for managing reserve balances between May 5, 2023 and May 19, 2023, the Board of Governors of the Federal Reserve System (FED) has now published the results. The survey helps the regulator to gain an understanding of deposit pricing and behavior, bank liability management, the provision of financial services, ...
Agencies update guidance on liquidity risks and contingency planning
ID 24441
The Office of the Comptroller of the Currency (OCC), the Federal Deposit Insurance Corporation (FDIC), the National Credit Union Administration (NCUA), and the Board of Governors of the Federal Reserve have jointly updated their Interagency Policy Statement on Funding and Liquidity Risk Management primarily to emphasize the need to regularly update financial institutions‘ contingency plans and liquidity risk management policies. In their joint [press ...
Semiannual Regulatory Flexibility Agenda
ID 24434
The Board of Governors of the Federal Reserve System (FED) has published in the Federal Register its Spring 2023 regulatory agenda. The agenda outlines all – at the time known – regulatory issues and actions that the Board will consider for the upcoming 6 months which is – in this case – the period from May 2023 through October 2023. Each issue and action ...