DNB Publishes Insurance and Banking Newsletters
DNB published the banking and insurance newsletters. The newsletters cover the Supervision Outlooks for banks and insurers, with focus in the banking sector being on business model and profitability, operational risks, digitization, the fight against financial and economic crime, and sustainability. The banking newsletter contains the updated QIS calendar for banks.
The newsletters highlight post-Brexit it remains unclear how the future relationship between the EU and the UK will be shaped after 2020. It is, therefore, important that banks and insurers to prepare for this because, from 2021, bottlenecks can arise in cross-border services between the EU and the UK. The insurance newsletter, in specific, highlights that, in 2020, DNB will conduct research into risk management by insurers in the context of Pillar 2 (governance and risk management). DNB will use the thematic review to assess whether the manner in which insurers implement the entire set of requirements from Pillar 2 of Solvency II is appropriate for their risk profile. DNB also aims to look at risks in the areas of climate change, cyber risks, and low interest rates in the 2020 study. Additionally, in 2020, DNB will strive to achieve convergence within Europe with regard to the supervision of internal models, operational and cyber risks, supervision of cross-border activities, and the use of data and technology by national supervisors.
Related Links
- Banking Newsletter (in Dutch)
- Banking Calendar (PDF in English)
- Insurance Newsletter (in Dutch)
Keywords: Europe, Netherlands, Banking, Insurance, Solvency II, Supervision Outlook 2020, Pillar 2, Brexit, DNB
Featured Experts
María Cañamero
Skilled market researcher; growth strategist; successful go-to-market campaign developer
Adam Koursaris
Asset and liability management expert; capable modeler; risk and capital specialist
Pierre-Etienne Chabanel
Brings expertise in technology and software solutions around banking regulation, whether deployed on-premises or in the cloud.
Related Articles
HKMA on Fintech Adoption and Innovation by Banks in Hong Kong
HKMA announced the publication of a report on fintech adoption and innovation in the banking industry in Hong Kong.
BIS on Impact of Increasing Use of Cloud Technology on Cyber Risk
BIS published a working paper that examines the drivers of cyber risk, especially in context of the cloud services.
ECB Consults on Guide for Managing Climate and Environmental Risks
ECB launched consultation on a guide specifying how the Banking Supervision expects banks to consider climate-related and environmental risks in their governance and risk management frameworks and when formulating and implementing their business strategy.
ECB Issues Opinion on Revisions to CRR in Response to COVID Crisis
ECB published an opinion (CON/2020/16) on amendments to the prudential framework in EU in response to the COVID-19 pandemic.
EBA Assesses Interlinkages Between Recovery and Resolution Planning
EBA published a report that examines the interlinkages between recovery and resolution planning under the Bank Recovery and Resolution Directive (BRRD).
SRB Publishes Final MREL Policy Under the Banking Package
SRB published the final Minimum Requirements for Own Funds and Eligible Liabilities (MREL) policy under the Banking Package.
US Agencies Amend Interim Final Rule on Transition Period for CECL
US Agencies (FDIC, FED, and OCC) published a final rule that makes technical changes to the March 31, 2020 interim final rule that provides a five-year transition period for the impact of the current expected credit loss (CECL) methodology on regulatory capital.
ECB Releases Results of March Survey on Credit Terms and Conditions
ECB published results of the March 2020 survey on credit terms and conditions in euro-denominated securities financing and over-the-counter (OTC) derivatives markets.
FINMA Adjusts Deadlines for COVID-19 Relief Measures for Banks
FINMA published guidance (06/2020) on extending or discontinuing various exemptions that were granted due to the COVID-19 crisis.
SRB Consults on Standardized Data Set for Bank Valuation in Resolution
SRB launched a consultation on the minimum data needed for valuation of a bank in resolution.
