DNB issued the banking and insurance newsletters for April 2018. The newsletters include updated calendars for banks and insurers.
The banking newsletter focuses on climate risks on the agenda of supervisors and contains updates on the research related to integrity risks and product development. It also offers updates on the periodical tests of DNB regarding whether less significant institutions in securitizations meet the Capital Requirements Regulation (CRR) criteria for retention and due diligence requirements. The insurance newsletter highlights that DNB:
- Will conduct research on the functioning of compliance function at five insurers
- Is consulting on the good practices for controlling outsourcing risks
- Organized a conference (jointly with the British central bank and the French regulator ACPR) on the impact of climate risks
- Banking Newsletter (in Dutch)
- Insurance Newsletter (in Dutch)
- Banking Calendar (PDF in English)
- Insurance Calendar (PDF in Dutch)
Keywords: Europe, Netherlands, Banking, Insurance, CRR, QIS Calendar, Climate Risks, DNB
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EBA published phase 2 of the technical package on the reporting framework 2.10, providing the technical tools and specifications for implementation of EBA reporting requirements.
APRA updated the lists of the Direct to APRA (D2A) validation rules for authorized deposit-taking institutions, insurers, and superannuation entities.
PRA updated the statement that provides guidance to regulated firms on implementation of the EBA guidelines on reporting and disclosure of exposures subject to measures applied in response to the COVID-19 crisis.
EBA updated the 2019 list of closely correlated currencies that was originally published in December 2013.
FASB issued a proposed Accounting Standards Update that would grant insurance companies, adversely affected by the COVID-19 pandemic, an additional year to implement the Accounting Standards Update No. 2018-12 on targeted improvements to accounting for long-duration insurance contracts, or LDTI (Topic 944).
APRA updated the regulatory approach for loans subject to repayment deferrals amid the COVID-19 crisis.
BCBS and FSB published a report on supervisory issues associated with benchmark transition.
IAIS published a report on supervisory issues associated with benchmark transition from an insurance perspective.
ESMA updated the reporting manual on the European Single Electronic Format (ESEF).