The financial regulatory agencies today finalized changes that would expand the number of banks eligible to file a more streamlined version of the Call Report, as directed by regulatory reform law S. 2155. Under the final rule, non-complex institutions with less than $5 billion in assets would be permitted to file the most streamlined version of the FFIEC 051 Call Report. Banks filing the FFIEC 051 Call Report will also see a reduction of the number of data items required in their first- and third-quarter filings.
FDIC tables proposals concerning regulatory review of bank control
The FDIC Board tabled two resolutions concerning bank control after both failed to gain majority support, with their sponsors promising...