DNB issued the banking and insurance newsletters for February 2019. The newsletters provide an update on Brexit, also emphasizing that financial institutions must prepare for the risk that UK will leave EU without political agreement on March 29, 2019. Additionally, Patrick de Neef, who was recently appointed to the Chief Innovation Office Supervision, highlighted in an interview that DNB wants to achieve data-oriented supervision in 2020-2022. He added that, by 2025, DNB wants to be a supervisor that makes efficient and effective use of available data and is supported by proactive risk signals with the help of machine learning.
The following are the additional key highlights of the newsletters:
- Recent relevant publications by ECB, EBA, EC, and other international forums
- Publication of a draft question and answer (Q&A) document related to reinsurance
- Update on reassessment of capital requirement for premium risk related to health insurance
- Updated calendars for banks and insurers
- Banking Newsletter (in Dutch)
- Insurance Newsletter (in Dutch)
- Banking Calendar (PDF in English)
- Insurance Calendar (PDF in Dutch)
Keywords: Europe, Netherlands, Banking, Insurance, Newsletter, QIS Calendar, Brexit, DNB
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EC published Regulation 2021/25 that addresses amendments related to the financial reporting consequences of replacement of the existing interest rate benchmarks with alternative reference rates.
BIS published a bulletin, or a note, that examines the cyber threat landscape in the context of the pandemic and discusses policies to reduce risks to financial stability.
HM Treasury, also known as HMT, has updated the table containing the list of the equivalence decisions that came into effect in UK at the end of the transition period of its withdrawal from EU.
EBA published an erratum for technical package on phase 1 of the reporting framework 3.0.
APRA updated a frequently asked question (FAQ), for authorized deposit-taking institutions, on the measurement of credit risk weighted assets.
EBA published the quarterly risk dashboard, along with the results of the Risk Assessment Questionnaire survey among 60 banks and 15 market analysts.
ECB concluded the public consultation on the introduction of a digital euro in EU.
ECB published a guide that sets out the supervisory approach to consolidation in the banking sector.
The SRB Chair Elke König published an article setting out work priorities for 2021.
FDIC has selected 11 technology companies—including BearingPoint, Fed Reporter, Inc, and S&P Global Market Intelligence, LLC—for inclusion in the third and final phase of the rapid prototyping competition.