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FRY9C HC-C Missing Identifier For Allowances For Credit Losses (Doc ID 2701073.1)

Last updated on AUGUST 20, 2020

Applies to:

Oracle Financial Services - Regulatory Reporting for US Federal Reserve - Lombard Risk Integration Pack - Version 8.0.9 and later
Information in this document applies to any platform.

Symptoms

Report : FRY-9C
Schedule: HC-C
Line item: memo 12.a to 12.d (column C)
Impacted MDRM's: BHCKG093, BHCKG096, BHCKG099, BHCKG102

Instruction extract:"For holding companies that have adopted ASU 2016-13,report the allowance for credit losses a holding company would have recorded as of the acquisition date, column C"

OFSAA is still reporting this line item using FCT_REG_ACCOUNT_SUMMARY.N_EXP_SHRT_FALL_ACQSTN_AMT_RCY which is used as a measure for ASU 2016-13 non- complaint banks.

Please clarify the usage of N_EXP_SHRT_FALL_ACQSTN_AMT_RCY instead of allowance for credit losses when Bank has adopted ASU 2016-13.

Cause

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In this Document
Symptoms
Cause
Solution


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