• Service: Advisory, Risk Consulting, Financial Risk Management
  • Date: 2/6/2014

January 27, 2014 The Washington Report 

SSG Issues Progress Report on Counterparty Data
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Senior financial supervisors from ten countries, collectively known as the Senior Supervisors Group (SSG), issued a document entitled Progress Report on Counterparty Data on January 15, 2014. The report summarizes the insights and experiences gained from the SSG’s “Top 20” Counterparty project, which began in 2008 in response to the financial crisis. The counterparty exposure data collection program had two primary aims: to inform supervisors of the level of and changes in significant bilateral derivatives and other counterparty exposures, and to enhance the ability of firms to produce accurate and timely counterparty information.

In This Issue

Bank & Thrift Regulatory Update

  • SSG Issues Progress Report on Counterparty Data
  • Basel Committee Issues Report on Fundamental Elements of a Bank’s Capital Planning Process
  • Federal Reserve Issues Supervisory Guidance on Heightened Expectations for Recovery and Resolution Preparedness
  • OCC to Host Workshops for Bank Directors in Miami and Los Angeles
  • FDIC to Host Savings Strategies Webinar for Bank
  • FFIEC Approves Call Report Revisions

Enterprise & Consumer Compliance

  • CFPB Proposes Rule to Oversee Larger Nonbank International Money Transfer Providers


Capital Markets & Investment Management

  • CFTC Reopens Comment Period for Risk Controls and System Safeguards for Automated Trading Environments Concept Release
  • CFTC to Form an Interdivisional Working Group to Review Regulatory Reporting
  • CFTC Announces Trade Execution Mandate for Certain Interest Rate Swaps
  • FINRA Issues New Investor Alert on IRA Rollovers
  • Enforcement Actions

Recent Supervisory Actions