DNB issued the banking newsletter for February 2018. The key focus of this month’s issue included DNB banking seminar. The issue also focuses on the treatment of strategic risk in the Internal Capital Adequacy Assessment Process (ICAAP). DNB uses the EBA guidelines for ICAAP and Internal Liquidity Adequacy Assessment Process (ILAAP) when drawing up the Supervisory Review and Evaluation Process (SREP) for medium-size and small banks.
The other focus areas of the newsletter include the following:
- Review of the recovery plans for medium and small banks
- Application of proportionality in resolution planning.
- Recent developments about the introduction of the second Payment Services Directive (PSD2)
- Update on the survey on preparation of the fourth anti-money laundering directive
- Changes in banking supervision reports
- Financial Action Task Force (FATF) warning lists with countries that have shortcomings in their system for combating money laundering and terrorist financing
- Updated Survey/QIS calendar for banks
Keywords: Europe, Netherlands, Banking, Newsletter, ICAAP, ILAAP, SREP, PSD2, Proportionality, QIS Calendar, DNB
RBNZ published the financial stability report for May 2020. This review of the financial system in the country highlights that the economic disruption associated with COVID-19 will present challenges to the financial system.
Financial policymakers and international standard-setters met virtually with private-sector executives to discuss international policy responses to COVID-19 pandemic.
HKMA is consulting on revisions to the Supervisory Policy Manual module CR-G-14 on margin and other risk mitigation standards for non-centrally cleared over-the-counter (OTC) derivatives transactions.
EBA published thematic note presenting a preliminary assessment of the impact of COVID-19 outbreak on the banking sector in EU.
HKMA published a circular, addressed to authorized institutions, on the application of the Basel Committee guidance on certain COVID-related measures.
PRA provided further information on the application of regulatory capital and IFRS 9 requirements to payment holidays granted or extended to address the challenges arising from COVID-19 outbreak.
PRA published final policy (in PS13/20) setting out the approach and expectations for authorization and supervision of insurance special purpose vehicles (ISPVs or insurance SPVs).
BoE published version 2.0.1 of the Capital+ XBRL Utility, along with the related release notes.
HKMA announced the publication of a report on fintech adoption and innovation in the banking industry in Hong Kong.
BIS published a working paper that examines the drivers of cyber risk, especially in context of the cloud services.