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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The Bank of England (BoE) published a consultation paper on approach to setting minimum requirement for own funds and eligible liabilities (MREL), an operational guide on executing bail-in, and a statement from the Deputy Governor Dave Ramsden.
The European Banking Authority (EBA) is seeking preliminary input on standardization of the proportionality assessment methodology for credit institutions and investment firms.
Certain regulatory authorities in the US are extending period for completion of the review of certain residential mortgage provisions and for publication of notice disclosing the determination of this review until December 20, 2021.
The Prudential Regulation Authority (PRA) published the policy statement PS18/21, which introduces an amendment in the definition of "higher paid material risk taker" in the Remuneration Part of the PRA Rulebook.
The European Banking Authority (EBA) published its annual report on asset encumbrance in banking sector.
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The Committee on Payments and Market Infrastructures (CPMI) and the International Organization of Securities Commissions (IOSCO) published a report that assesses the business continuity planning activities of financial market infrastructures or FMIs.
The Bank of England (BoE) published questions and answers (Q&A) on OSCA to BEEDS migration for statistical reporting as well a presentation from the project overview session held with statistical reporters.
The Basel Committee on Banking Supervision (BCBS) is consulting on a technical amendment to the Basel Framework to reflect a new process reviewing the global systemically important bank (G-SIB) assessment methodology.