DNB Issues Reporting Updates for Banks, Maintains CCyB at 0%
DNB announced its decision to leave the countercyclical capital buffer (CCyB) rate at 0% in December 2020; however, it intends to build a CCyB of 2% in the foreseeable future. This decision was included in the Autumn 2020 financial stability report from the regulator. DNB also 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 words "NEW" or "UPDATE" in red, include semi-recurring as well as ad hoc data requests to banks from DNB and European agencies.
As part of the key reporting updates, DNB:
- Informed concerned banks that the reporting obligation with regard to Investment Compensation Scheme (BCS) has been made available in the Digital Reporting Portal or DLR.
- Updated additional data quality checks related to the reference period December 2020 though, no substantive changes have been made (The rows and columns were incorrectly presented with 4 instead of 3 digits).
In another update, DNB called on banks to consider not distributing any cash dividends or conducting share buy-backs until the end of September 2021, or to limit such distributions. DNB also expects banks to limit variable remuneration payments until September 30, 2021. This is in line with the December 2020 ECB recommendation on dividend distributions during COVID-19 pandemic.
Related Links
- News Release on CCyB
- Notification on Investment Compensation Scheme
- Notification on Additional Data Checks
- News Release on Capital Distributions (in Dutch)
- Update on Additional Data Requests
Keywords: Europe, Netherlands, Banking, Reporting, Digital Reporting Portal, COVID-19, CCyB, Basel, Data Quality Checks, Dividend Distribution, Regulatory Capital, DNB
Featured Experts

María Cañamero
Skilled market researcher; growth strategist; successful go-to-market campaign developer

Nicolas Degruson
Works with financial institutions, regulatory experts, business analysts, product managers, and software engineers to drive regulatory solutions across the globe.

Pierre-Etienne Chabanel
Brings expertise in technology and software solutions around banking regulation, whether deployed on-premises or in the cloud.
Previous Article
Central Bank of Bahamas to Enhance Reporting InfrastructureRelated Articles
BIS Innovation Hub Sets Out Work Program for 2021
BIS Innovation Hub published the work program for 2021, with focus on suptech and regtech, next-generation financial market infrastructure, central bank digital currencies, open finance, green finance, and cyber security.
EC Plans to Consult on Crisis Management and EDIS Framework Revisions
In an article published by SRB, Mairead McGuinness, the European Commissioner for Financial Services, Financial Stability, and Capital Markets Union, discussed the progress and next steps toward completion of the Banking Union.
EBA Finalizes Remuneration Standards for Investment Firms in EU
EBA finalized the two sets of draft regulatory technical standards on the identification of material risk-takers and on the classes of instruments used for remuneration under the Investment Firms Directive (IFD).
ECA Recommends Actions to Enhance Resolution Planning for Banks
EC published, in the Official Journal of the European Union, a notification that the European Court of Auditors (ECA) has published a special report on resolution planning in the Single Resolution Mechanism.
BoE Publishes Key Elements of the 2021 Stress Testing for Banks in UK
BoE published a scenario against which it will be stress testing banks in 2021, in addition to setting out the key elements of the 2021 stress test, guidance on the 2021 stress test, and the variable paths for the 2021 stress test.
PRA Proposes Rules on Identity Verification of Depositor Protection
PRA published a consultation paper (CP3/21) proposes rules regarding the timing of identity verification required for eligibility of depositor protection under the Financial Services Compensation Scheme (FSCS).
FSB Publishes Work Program for 2021
FSB published the work program for 2021, which reflects a strategic shift in priorities in the COVID-19 environment.
FCA Issues Update on Move to New Data Collection Platform
FCA announced that 50% firms have started using the new data collection platform RegData, which is slated to replace the existing platform known Gabriel.
Bundesbank Publishes Derivation Rules for Reporting by Banks
Bundesbank published Version 5.0 of the derivation rules for completeness check at the form level, with respect to the data quality of the European harmonized reporting system.
FED Revises Capital Planning and Stress Testing Requirements for Banks
FED finalized a rule that updates capital planning requirements to reflect the new framework from 2019 that sorts large banks into categories, with requirements that are tailored to the risks of each category.