BPI, SIFMA, ABA, FSF and IIB this week urged the Federal Reserve to clarify several areas of the proposed liquidity reporting changes that would be used to help monitor the liquidity positions of large, globally interconnected banks. The Fed’s proposed revisions to the Complex Institution Liquidity Monitoring Report are meant to capture details of banks’ funding flows that impact a long-term liquidity risk measure, the recently finalized Net Stable Funding Ratio (NSFR). Banks must comply with the NSFR, a regulatory liquidity measure requiring banks to hold adequate stable funding to support their assets, commitments and derivatives exposures over a one-year time horizon, beginning on July 1, 2021. However, the proposed changes far exceed the scope of those required by the NSFR, the trades wrote in a comment letter filed May 27. Also, the Fed’s data-reporting changes will likely be finalized close to the NSFR effective date, leaving banks insufficient time to make the necessary and significant changes to their reporting systems.
Regulatory Reporting and Accounting
BPI and Coalition of Trades Oppose PCAOB’s Proposed Changes to Auditing Standards
BPI and Coalition of Trades Oppose PCAOB’s Proposed Changes to Auditing Standards
Regulatory Reporting and Accounting
BPI Comments on Banking Agencies’ Proposed Revisions to Call Reports and FR Y-9
BPI Comments on Banking Agencies’ Proposed Revisions to Call Reports and FR Y-9
Regulatory Reporting and Accounting
BPI Comments on CFPB’s Proposed Registry of Nonbank Covered Persons Subject to Certain Agency and Court Orders
BPI Comments on CFPB’s Proposed Registry of Nonbank Covered Persons Subject to Certain Agency and Court Orders
Regulatory Reporting and Accounting
BPI Responds to NYDFS Request for Comments Concerning Presumption of Control of NY-Charted or Licensed Institutions
BPI Responds to NYDFS Request for Comments Concerning Presumption of Control of NY-Charted or Licensed Institutions
Bank Capital and Stress Testing
U.S. Bank Capital Levels: Aligning With or Exceeding Midpoint Estimates of Optimal
U.S. Bank Capital Levels: Aligning With or Exceeding Midpoint Estimates of Optimal
Central Bank Digital Currency
BPI’s Paige Pidano Paridon Testifies on CBDC Before House Subcommittee
BPI’s Paige Pidano Paridon Testifies on CBDC Before House Subcommittee
Bank Activities and Structure
BPI Statement Before the U.S. House Financial Services Committee’s Subcommittee on Digital Assets, Financial Technology and Inclusion
BPI Statement Before the U.S. House Financial Services Committee’s Subcommittee on Digital Assets, Financial Technology and Inclusion
Bank Activities and Structure
BPI Statement Before the U.S. House Financial Services Committee’s Subcommittee on Financial Institutions and Monetary Policy
BPI Statement Before the U.S. House Financial Services Committee’s Subcommittee on Financial Institutions and Monetary Policy