Carl Aridas

Carl is certified in the Scaled Agile Framework (SAFe), a Scrum Master, and a Six Sigma Green Belt project manager with more than 25 years of experience in financial services overseeing large-scale development global, multi-currency accounting, regulatory reporting, and financial reporting software platforms. He has hands-on experience completing, reviewing, and filing Federal Reserve, FFIEC, and IRS reports, including Call Reports, Y9C reports, 2900 reports, TIC reports, and arbitrage rebate reports.

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Federal Reserve Changes Derivative Netting Rules

On February 18, the Federal Reserve Board announced a final rule that they claim is intended to reduce risk and increase efficiency in the financial system by applying derivative netting protections to a broader range of financial institutions. Sections 401-407 of the Federal Deposit Insurance Corporation Improvement Act of 1991 (FDICIA) validate netting contracts among […]

FR 2052a

Recent Changes to the FR 2052a Complex Institution Liquidity Monitoring Report

Previously, I discussed the history FR 2052a Complex Institution Liquidity Monitoring Report. My next blog will outline the recent changes to the report. As allowed in the FR’s 2052a guidelines, the Federal Reserve has already requested that monthly filers submit FR 2052a data on a more frequent basis and altered the asset and liquidity thresholds […]

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New York Raises Check Cashing Fees

Effective February 26, 2021, New York State has increased the maximum fee that check cashers in New York State may charge.  The increase is to 2.27 percent of the face amount of a check, draft, or money order.  The increase is permitted under Part 400.11 of New York State’s Superintendent’s Regulations which provides for an […]

FR 2052a

[Guide] Breaking Down the FR 2052a Complex Institution Liquidity Monitoring Report

The financial crisis of 2008 and 2009 highlighted the need for timely data to identify and monitor liquidity risks at individual firms, as well as in aggregate across the financial system, especially with respect to intra-company flows and exposures within a consolidated institution. Initially addressed through the Liquidity Coverage Ratio test, regulators soon recognized that […]


Federal Reserve Releases 2021 CCAR Testing Scenarios

Last Friday, February 12, while many bankers were preparing for a long 3-day weekend or perhaps making preparations for Valentine’s Day celebrations, the Federal Reserve Board released the hypothetical scenarios for its 2021 bank stress tests.  In 2020, the Federal Reserve found that large banks were generally well-capitalized under a range of hypothetical events. The […]