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
BCBS is consulting on the principles for operational resilience and the revisions to the principles for sound management of operational risk for banks.
The Financial Stability Institute (FSI) of BIS published a brief note that examines the supervisory challenges associated with certain temporary regulatory relief measures introduced by BCBS and prudential authorities in response to the COVID-19 pandemic.
HKMA, together with the Banking Sector Small and Medium-Size Enterprise (SME) Lending Coordination Mechanism, announced a ninety-day repayment deferment for trade facilities under the Pre-approved Principal Payment Holiday Scheme.
The Advisory Scientific Committee of ESRB published a response, in the form of an Insights Paper, to the EBA proposals for reforms to the stress testing framework in EU.
MAS announced several initiatives to support adoption of the Singapore Overnight Rate Average (SORA), which is administered by MAS.
BoE updated the reporting template for Form ER as well as the Form ER definitions, which contain guidance on the methodology to be used in calculating annualized interest rates.
PRA published the policy statement PS19/20 on the final policy for extending coverage under the Financial Services Compensation Scheme (FSCS) for Temporary High Balance.
EBA published the final draft implementing technical standards for disclosures and reporting on the minimum requirements for own funds and eligible liabilities (MREL) and the total loss-absorbing capacity (TLAC) requirements in EU.
EBA published an erratum for the phase 2 of technical package on the reporting framework 2.10.
EC published the Implementing Regulation 2020/1145, which lays down technical information for calculation of technical provisions and basic own funds.