Featured Product

    DNB Calls on Firms to Participate in EBA Data Request Under IFR

    April 06, 2020

    DNB is calling on Dutch investment firms to participate in the EBA data request for development of technical standards under the new prudential regime for investment firms. The technical standards would be for implementation of the new requirements from the Investment Firms Directive and Regulation (IFD and IFR), which will come into force in EU on June 26, 2021. EBA has received multiple mandates to further specify the prudential requirements in technical standards. For example, EBA is required to set standards for the reporting templates and the calculation of K-factors. The first draft standards are expected to be publicly consulted between May and July 2020.

    EBA expects to distribute the data request via DNB to investment firms in early May. Participation in the data request is not mandatory for investment firms. Participants could submit the data two months later in the Digital Reporting Window. Post that, EBA and DNB may ask questions about the data, after which participants can still adjust their data delivery. EBA will then carry out its impact analysis with this data. This process could be somewhat dependent on further developments regarding the COVID-19 pandemic. 

    The Investment Firms Directive and Regulation replace the prudential requirements from the Capital Requirements Directive and Regulation (CRD and CRR) for most investment firms. The largest and systemically important investment firms remain subject to the same framework as banks under the CRD and CRR. This concerns investment firms with at least EUR 15 billion in assets at group level (excluding outside EU subsidiaries). In addition, the supervisor may decide to declare the CRD and CRR applicable to investment firms with at least EUR 5 billion in assets if the firms are assessed as systemically important.

    Related Links 

    Keywords: Europe, Netherlands, Banking, Securities, IFR, IFD, Data Collection, Reporting, K-Factor Regime, Investment Firms, EBA, DNB

    Featured Experts
    Related Articles

    ESAs Issue Multiple Regulatory Updates for Financial Sector Entities

    The three European Supervisory Authorities (ESAs) issued a letter to inform about delay in the Sustainable Finance Disclosure Regulation (SFDR) mandate, along with a Call for Evidence on greenwashing practices.

    November 15, 2022 WebPage Regulatory News

    ISSB Makes Announcements at COP27; IASB to Propose IFRS 9 Amendments

    The International Sustainability Standards Board (ISSB) of the IFRS Foundations made several announcements at COP27 and with respect to its work on the sustainability standards.

    November 10, 2022 WebPage Regulatory News

    IOSCO Prioritizes Green Disclosures, Greenwashing, and Carbon Markets

    The International Organization for Securities Commissions (IOSCO), at COP27, outlined the regulatory priorities for sustainability disclosures, mitigation of greenwashing, and promotion of integrity in carbon markets.

    November 09, 2022 WebPage Regulatory News

    EBA Finalizes Methodology for Stress Tests, Issues Other Updates

    The European Banking Authority (EBA) issued a statement in the context of COP27, clarified the operationalization of intermediate EU parent undertakings (IPUs) of third-country groups

    November 09, 2022 WebPage Regulatory News

    OSFI Sets Out Work Priorities and Reporting Updates for Banks

    The Office of the Superintendent of Financial Institutions (OSFI) published an annual report on its activities, a report on forward-looking work.

    November 07, 2022 WebPage Regulatory News

    APRA Finalizes Changes to Capital Framework, Issues Other Updates

    The Australian Prudential Regulation Authority (APRA) finalized amendments to the capital framework, announced a review of the prudential framework for groups.

    November 03, 2022 WebPage Regulatory News

    BIS Hub and Central Banks Conduct CBDC and DeFI Pilots

    The Bank for International Settlements (BIS) Innovation Hubs and several central banks are working together on various central bank digital currency (CBDC) pilots.

    November 03, 2022 WebPage Regulatory News

    ECB Sets Deadline for Banks to Meet Its Climate Risk Expectations

    The European Central Bank (ECB) published the results of its thematic review, which shows that banks are still far from adequately managing climate and environmental risks.

    November 02, 2022 WebPage Regulatory News

    ESAs, ECB, & EC Issue Multiple Regulatory Updates for Financial Sector

    Among its recent publications, the European Banking Authority (EBA) published the final standards and guidelines on interest rate risk arising from non-trading book activities (IRRBB)

    October 31, 2022 WebPage Regulatory News

    EC Adopts Final Rules Under CRR, BRRD, and Crowdfunding Regulation

    The European Commission (EC) recently adopted regulations with respect to the calculation of own funds requirements for market risk, the prudential treatment of global systemically important institutions (G-SIIs)

    October 26, 2022 WebPage Regulatory News
    RESULTS 1 - 10 OF 8582