The Clearing House (TCH) filed a comment letter with the OCC, Fed, and FDIC, responding to a proposal to revise FFIEC 051, FFIEC 041, and FFIEC 031 Call Reports. The proposal seeks to reduce reporting burdens, address the definition of “past due” for regulatory reporting purposes, and conform the regulatory reporting of equity investments to the accounting standards applicable to such investments. While TCH appreciates the Agencies’ efforts to reduce reporting burden, TCH opposes the proposed changes to the definition of past due and the scope of the 031, and offers several constructive suggestions to more meaningfully reduce reporting burden.
You Might Also Be Interested In...
Regulatory Reporting and Accounting BPI Submits Comment Letter to Banking Agencies on Revisions to Call Report
Bank Capital and Stress Testing Some Thoughts on the Bank Regulatory Picture: Dividends, CECL, Buffers and the Rest
Regulatory Reporting and Accounting BPI Submits Comment Letter to Agencies on Call Report and FFIEC 101 Reporting Revisions
Regulatory Reporting and Accounting BPI Submits Comment Letter to the Fed on Proposed FR Y-9 Reporting Revisions
Bank Capital and Stress Testing BPI Symposium on the Current Expected Credit Loss Accounting Standard
More Posts by This Author
Bank Conditions and Credit Availability Time To Return To the Regular Rulebook – Economic Uncertainty Is Not Extraordinarily Elevated
COVID-19 Relief BPI and Coalition of Trades Advocate for Economic Impact Payment Protections in American Rescue Plan Act of 2021