replacement of third party vendor application
Replaced an external vendor legacy application with a new build in-house solution to support Basel III regulatory reporting FR2052A submission and European Regulatory LCR reports.
The FR 2052a report collects quantitative information on selected assets, liabilities, funding activities, and contingent liabilities on a consolidated basis and by material entity subsidiary. The FR 2052a comprises sections covering broad funding classifications by product, outstanding balance and purpose, segmented by maturity date.
The data are used to monitor an individual organization’s overall liquidity profile for institutions supervised by the Federal Reserve. These data also provide detailed information on the liquidity risks within different business lines (e.g., financing of securities positions and prime brokerage activities). In particular, the data serve as part of the Federal Reserve’s supervisory surveillance program in its liquidity risk management area and provide timely information on firm-specific liquidity risks during periods of stress.
