DNB published several reporting updates, along with an updated list of additional data requests for banks. The updated and new data requests, which have been highlighted with the word "UPDATE" or “NEW” in red, include semi-recurring as well as ad hoc data requests to banks from DNB and European agencies. DNB also informed stakeholders that the submission method, via Digital Reporting Portal (or DLR), for the auditor's report for banks remains unchanged compared to last year. The submission of files will continue to take place in the usual manner via DLR using one reporting obligation.
In that one obligation, DNB expects to receive five files: auditor's report on the Capital Requirements Directive (CRD IV) data (in XBRL format), electronic signature for the auditor's report on the CRD IV data (in XML format), auditor's report on Interest Rate Risk (in PDF format), results overview document (in Excel format), and the audit report. Additional key reporting updates are as follows:
- A new English version of the template on Integrity Risk Questionnaire (version 2.0) has been made available. The Dutch version of the template on Integrity Risk Questionnaire remains unchanged.
- Banks are requested to submit the annual Remuneration Report only via XBRL. EBA released the applicable version of the taxonomy (REM 1.0.1) on April 08, 2021. This annual reporting obligation is applicable to banks with a registered office in the Netherlands and the non-European Economic Area branches. Deadline for submitting this report is June 30, 2021. Less significant institutions will be informed about the additional reporting obligation concerning “Identified staff.” This report will be requested via Excel and separately via DLR.
- As of May 03, 2021, the Audit Individual Client View (IKB) reporting requirement has been made available in DLR. The reporting deadline is August 31, 2021. Based on the Single Customer View Policy Rule under the deposit guarantee scheme (DGS), banks must submit a report setting out the opinion of internal audit department (Section 11) and an ISAE 3402 type 2 report containing the opinion of external auditor (Section 12). The reports can be submitted together. A single reporting obligation is available for banking groups to submit their reports (a single report for all licenses or separate reports for each license).
- A new version of the frequently asked questions (FAQs), prepared by ECB, on the COVID-19 data request has been made available.
- Notification on Submission Method via DLR
- Notification on Integrity Risk Questionnaire Template
- Notification on Remuneration Reporting
- Notification on Audit IKB Reporting
- Notification on FAQs on COVID-19 Data Request
- Overview of Additional Data Requests
Keywords: Europe, Netherlands, Banking, FAQ, Remuneration, Deposit Guarantee Scheme, CRD IV, Basel, COVID-19, DLR, ECB, DNB
The European Commission (EC) published the Delegated Regulation 2022/786 with regard to the liquidity coverage requirements for credit institutions under the Capital Requirements Regulation (CRR).
The European Banking Authority (EBA) published the final draft regulatory technical standards specifying the criteria to identify shadow banking entities for the purposes of reporting large exposures.
The Office of the Superintendent of Financial Institutions (OSFI) published the strategic plan for 2022-2025 and the departmental plan for 2022-23.
The European Banking Authority (EBA) is consulting, until August 31, 2022, on the draft implementing technical standards specifying requirements for the information that sellers of non-performing loans (NPLs) shall provide to prospective buyers.
The European Council and the Parliament reached an agreement on the revised Directive on security of network and information systems (NIS2 Directive).
The European Banking Authority (EBA) published the final draft regulatory technical standards specifying information that crowdfunding service providers shall provide to investors on the calculation of credit scores and prices of crowdfunding offers.
The European Council published a draft Commission Delegated Regulation to amend the regulatory technical standards on specification of the calculation of specific and general credit risk adjustments.
The European Securities and Markets Authority (ESMA) published a paper that examines the systemic risk posed by increasing use of cloud services, along with the potential policy options to mitigate this risk.
The Monetary Authority of Singapore (MAS) published amendments to Notice 635, which sets out requirements that a bank in Singapore has to comply with when granting an unsecured non-card credit facility to individuals.
The European Commission (EC) published a public consultation on the review of revised payment services directive (PSD2) and open finance.