DNB issued the banking and insurance newsletters for April 2019. The newsletters highlight that Dutch Authority for the Financial Markets (AFM) and DNB want to make banks, insurers, and pension funds aware of the risks and the importance of the transition to alternative, risk-free benchmarks (expected in 2022). The supervisors request market parties to analyze the risks of the transition and to take appropriate action, so that they are prepared in time.
The banking newsletter also highlights that DNB has decided to adopt a Belgian macro-prudential measure for the mortgage market. Dutch banks, using internal ratings-based (IRB) approach, that have more than EUR 2 billion in Belgian residential mortgages through branches or directly across borders must apply a higher risk-weight. The additional key highlights of the newsletters include: an update on the study conducted by DNB on management of counterparty credit risk on healthcare providers at four healthcare insurers; recent relevant publications by ECB, EBA, EC, and other international forums; and an updated calendar for banks
Keywords: Europe, Netherlands, Banking, Insurance, Newsletter, QIS Calendar, IRB, Benchmarks, DNB
EC published Regulation 2021/25 that addresses amendments related to the financial reporting consequences of replacement of the existing interest rate benchmarks with alternative reference rates.
BIS published a bulletin, or a note, that examines the cyber threat landscape in the context of the pandemic and discusses policies to reduce risks to financial stability.
HM Treasury, also known as HMT, has updated the table containing the list of the equivalence decisions that came into effect in UK at the end of the transition period of its withdrawal from EU.
EBA published an erratum for technical package on phase 1 of the reporting framework 3.0.
APRA updated a frequently asked question (FAQ), for authorized deposit-taking institutions, on the measurement of credit risk weighted assets.
EBA published the quarterly risk dashboard, along with the results of the Risk Assessment Questionnaire survey among 60 banks and 15 market analysts.
ECB concluded the public consultation on the introduction of a digital euro in EU.
ECB published a guide that sets out the supervisory approach to consolidation in the banking sector.
The SRB Chair Elke König published an article setting out work priorities for 2021.
FDIC has selected 11 technology companies—including BearingPoint, Fed Reporter, Inc, and S&P Global Market Intelligence, LLC—for inclusion in the third and final phase of the rapid prototyping competition.