The Board of Governors of the Federal Reserve System ("FRB") proposed a revision to a report that must be completed in connection with capital assessments and stress testing requirements. The report – FR Y-14Q – must be completed by bank holding companies with at least $100 billion in total consolidated assets.
The proposed revision is intended to rectify omissions to the report form and instructions that were unintentionally introduced by a 2017 amendment. Specifically, the FRB is proposing to reinsert the requirements that firms report total stressed net current exposure on FR Y-14Q for both supervisory stress scenarios.
Comments on the proposed revision must be submitted by October 9, 2018.
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