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.
- 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
Previous ArticleCentral Bank of Bahamas to Enhance Reporting Infrastructure
The European Banking Authority (EBA) published the final draft regulatory technical standards specifying and, where relevant, calibrating the minimum performance-related triggers for simple.
The European Central Bank (ECB) is undertaking the integrated reporting framework (IReF) project to integrate statistical requirements for banks into a standardized reporting framework that would be applicable across the euro area and adopted by authorities in other EU member states.
The European Banking Authority (EBA) has been awarded the top European Standard for its environmental performance under the European Eco-Management and Audit Scheme (EMAS).
The Monetary Authority of Singapore (MAS) set out the Financial Services Industry Transformation Map 2025 and, in collaboration with the SGX Group, launched ESGenome.
The Basel Committee on Banking Supervision met, shortly after a gathering of the Group of Central Bank Governors and Heads of Supervision (GHOS), the oversight body of BCBS.
The International Organization of Securities Commissions (IOSCO) welcomed the work of the international audit and assurance standard setters—the International Auditing and Assurance Standards Board (IAASB)
The Bank of England (BoE) published a Statistical Notice (2022/18), which informs that due to the Bank Holiday granted for Her Majesty Queen Elizabeth II’s State Funeral on Monday September 19, 2022.
The French Prudential Control and Resolution Authority (ACPR) announced that the European Banking Authority (EBA) has updated its filing rules and the implementation dates for certain modules of the EBA reporting framework 3.2.
The European Central Bank (ECB) published a paper that examines how credit rating agencies accepted by the Eurosystem, as part of the Eurosystem Credit Assessment Framework (ECAF)
The Australian Prudential Regulation Authority (APRA) announced reduction in the aggregate Committed Liquidity Facility (CLF) for authorized deposit-taking entities to ~USD 33 billion on September 01, 2022.