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RBC refers to Risk-Based Capital, which is a measure used to evaluate the amount of capital that a financial institution needs to support its overall risk profile.
Financial institutions, including banks and credit unions, that are subject to capital standards set by regulatory bodies are required to file RBC reports.
Filling out the RBC report involves providing detailed information about the institution's assets, liabilities, and risk exposures in accordance with regulatory requirements and guidelines.
The purpose of the RBC framework is to ensure that financial institutions maintain adequate capital levels to mitigate risks and protect depositors and the financial system.
Institutions must report data on risk-weighted assets, capital ratios, and other financial metrics as specified by the regulatory authority.
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