FRB Reporting Overview


Prudential authorities in the United States continue to serve a leading role in defining the post-crisis global regulatory landscape, which began with the sweeping legislation and ongoing implementation of the Dodd-Frank Act in 2010. While much of the attention given to Dodd-Frank revolves around derivatives market structure and its legal underpinnings, the Act also provides a formidable expansion of supervisory powers for the Federal Reserve and new constraints upon the Fed, itself (including its powers to provide emergency relief funding).

As a result, major banking institutions have an array of new reporting challenges to cope with as the Fed performs these new duties.

Among those duties, two particularly stand out. The first is scrutinizing the “living will” of all systemically-important financial institutions (SIFIs). The second, and more involved, is a Basel III-mandated stress testing program, whereby any bank holding company (BHC) with $50 billion or greater in assets, and any individual bank with $10 billion or greater, must submit their holdings to the Fed for the purposes of testing capital adequacy, asset liquidity and risk exposures.

These and other requirements demand that banks incorporate a new depth of portfolio information from a broader range of subsidiaries into their reporting, with greater standards of accuracy and timeliness and more potential putative consequences than in the past. This, in turn, has provided impetus for these firms to significantly improve their data management dexterity and reporting capabilities, both at an enterprise level and by engaging external technology partners.

AxiomSL leverages decades of Fed reporting expertise. The AxiomSL platform has been deployed to solve diverse challenges for US- and foreign-based banking clients, from wholesale operational transformation projects to urgently delivering specific reporting templates.

Resource Center


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