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    DNB Issues Reporting Updates for Banks, Maintains CCyB at 0%

    December 23, 2020

    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.

     

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    Keywords: Europe, Netherlands, Banking, Reporting, Digital Reporting Portal, COVID-19, CCyB, Basel, Data Quality Checks, Dividend Distribution, Regulatory Capital, DNB

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