Last Friday, the Federal Reserve Board advanced its objective of improving visibility on banks’ exposure to nonbanks with a proposal seeking more granular data in its FR Y-14A/Q/M Capital Assessments and Stress Testing Reports (“the Reports”). The Reports are filed monthly, quarterly and annually and used to set banks’ stress capital buffers requirements, support supervisory...
The prudential bank regulators recently proposed revisions to depository financial institutions’ quarterly Consolidated Report of Condition and Income filings (i.e., call reports) to address an observed lack of granularity and inconsistency of reporting on loans to nondepository financial institutions (NDFIs). These filings are used by the regulators to inform monetary and public policy decisions. The...
