DNB issued the banking and insurance newsletters for December 2018. The newsletters highlight that the Securitization Regulation will come into effect on January 01, 2019. The insurance newsletter features an interview with Nicole Stolk, the DNB Director of Resolution, highlighting that the new law on resolution should better prepare insurers and DNB for a crisis situation.
The following are the additional key highlights of the newsletters:
- DNB seminar on information security and cybersecurity to be held on February 12, 2019 and intended for insurers, pension funds, banks, and asset managers
- Mention of recent publications by ECB, EBA, EC, and other international forums
- Insurers with immaterial impact of the Volatility Adjustment and alternative extrapolation to qualify for an exemption from national reporting
- Vulnerabilities highlighted by the European stress test for the insurance sector
- Updated calendars for banks and insurers
- Banking Newsletter (in Dutch)
- Insurance Newsletter (in Dutch)
- Banking Calendar (PDF in English)
- Insurance Calendar (PDF in Dutch)
Keywords: Europe, Netherlands, Banking, Insurance, Newsletter, QIS Calendar, Stress Testing, Securitization Regulation, DNB
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BCBS amended the guidelines on sound management of risks related to money laundering and financing of terrorism (ML/FT).
EBA finalized the guidelines on treatment of structural foreign-exchange (FX) positions under Article 352(2) of the Capital Requirements Regulation (CRR).
FSB published a statement on the impact of COVID-19 pandemic on global benchmark transition.
IAIS published the list of Internationally Active Insurance Groups (IAIGs) publicly disclosed by group-wide supervisors.
FED has temporarily revised the reporting form on consolidated financial statements for holding companies (FR Y-9C; OMB No. 7100-0128).
EC launched a consultation on the review of the key elements of Solvency II Directive, with the comment period ending on October 21, 2020.
ECB launched a consultation on the guide that sets out supervisory approach to consolidation projects in the banking sector.
PRA published a letter that builds on the expectations set out in the supervisory statement (SS3/19) on enhancing banks' and insurers' approaches to managing the financial risks from climate change.
US Agencies (Farm Credit Administration, FDIC, FED, FHFA, and OCC) finalized changes to the swap margin rule to facilitate implementation of prudent risk management strategies at banks and other entities with significant swap activities.
IAIS published technical specifications, questionnaires, and templates for 2020 Insurance Capital Standard (ICS) and Aggregation Method data collections.