Featured Product

    DNB Issues Several Reporting Updates for Banks in April 2021

    April 23, 2021

    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.

     

    Related Links

    Keywords: Europe, Netherlands, Banking, FAQ, Remuneration, Deposit Guarantee Scheme, CRD IV, Basel, COVID-19, DLR, ECB, DNB

    Featured Experts
    Related Articles
    News

    EC Regulation Sets Out Standards for Reporting and Disclosure of MREL

    EC published the Implementing Regulation 2021/763 that lays down implementing technical standards for supervisory reporting and public disclosure of the minimum requirement for own funds and eligible liabilities (MREL).

    May 12, 2021 WebPage Regulatory News
    News

    APRA Decides to Standardize Submission Date for Quarterly Reporting

    APRA announced the standardization of quarterly reporting due dates for authorized deposit-taking institutions.

    May 11, 2021 WebPage Regulatory News
    News

    ECB Working Group Publishes Recommendations on EURIBOR Fallbacks

    The private sector working group of ECB on euro risk-free rates published the recommendations to address events that would trigger fallbacks in the Euro Interbank Offered Rate (EURIBOR)-related contracts, along with the €STR-based EURIBOR fallback rates (rates that could be used if a fallback is triggered).

    May 11, 2021 WebPage Regulatory News
    News

    Bundesbank Publishes Supporting Documentation for Reporting by Banks

    Bundesbank published a list of "EntryPoints" that are accepted in its reporting system; the list provides taxonomy version and name of the module against each EntryPoint.

    May 11, 2021 WebPage Regulatory News
    News

    EBA Publishes Phase 1 of Reporting Framework 3.1

    EBA published the phase 1 of its reporting framework 3.1, with the technical package covering the new reporting requirements for investment firms (under the implementing technical standards on investment firms reporting).

    May 10, 2021 WebPage Regulatory News
    News

    APRA to Finalize Capital Adequacy Standard Revisions by January 2022

    Asia Pacific Australia Banking APS 111 Capital Adequacy Regulatory Capital Basel RBNZ APRA

    May 10, 2021 WebPage Regulatory News
    News

    ESMA Issues Guidelines on Outsourcing to Cloud Service Providers

    ESMA published the final guidelines on outsourcing to cloud service providers.

    May 10, 2021 WebPage Regulatory News
    News

    EBA Publishes Data on Deposit Guarantee Schemes

    EBA published annual data for two key concepts and indicators in the Deposit Guarantee Schemes (DGS) Directive—available financial means and covered deposits.

    May 10, 2021 WebPage Regulatory News
    News

    OSFI Sets Out Plan for Future Guidance on Managing Technology Risk

    OSFI has set out the schedule for release of draft guidance on the management of technology risks by federally regulated financial institutions and private pension plans.

    May 10, 2021 WebPage Regulatory News
    News

    MAS Updates Housing Loan Rules, Proposes Corporate Governance Guidance

    MAS updated rules for new housing loans by banks and finance companies.

    May 10, 2021 WebPage Regulatory News
    RESULTS 1 - 10 OF 6964