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
PRA Consults on Implementation of Certain Provisions of CRD5
PRA, via the consultation paper CP12/20, proposed changes to its rules, supervisory statements, and statements of policy to implement certain elements of the Capital Requirements Directive (CRD5).
EIOPA Report Identifies Key Financial Stability Risks for Insurers
EIOPA published the financial stability report that provides detailed quantitative and qualitative assessment of the key risks identified for the insurance and occupational pensions sectors in the European Economic Area.
EBA Publishes Risk Dashboard for First Quarter of 2020
EBA published its risk dashboard for the first quarter of 2020 together with the results of the risk assessment questionnaire.
EBA Issues Updates on Stress Test Exercise for Banks in EU
EBA announced that the next stress testing exercise is expected to be launched at the end of January 2021 and its results are to be published at the end of July 2021.
PRA Proposes Guidance Related to Matching Adjustment under Solvency II
PRA published the consultation paper CP11/20 that sets out its expectations and guidance related to auditors’ work on the matching adjustment under Solvency II.
MAS Issues Guidance on Dividend Distributions by Banks
MAS published a statement guidance on dividend distribution by banks.
APRA Updates Guidance on Capital Management for Banks
APRA updated its capital management guidance for banks, particularly easing restrictions around paying dividends as institutions continue to manage the disruption caused by COVID-19 pandemic.
FSB Report Reviews Macro-Prudential Framework and Tools in Germany
FSB published a report that reviews the progress on data collection for macro-prudential analysis and the availability and use of macro-prudential tools in Germany.
EBA Urges Firms to Finalize Preparations for End of Brexit Transition
EBA issued a statement reminding financial institutions that the transition period between EU and UK will expire on December 31, 2020; this will end the possibility for the UK-based financial institutions to offer financial services to EU customers on a cross-border basis via passporting.
SRB on Operational Continuity in Resolution and FMI Contingency Plans
SRB published guidance on operational continuity in resolution and financial market infrastructure (FMI) contingency plans.
