DNB issued the banking and insurance newsletters for January 2019. The banking newsletter highlights that the Basel Committee published the revised market risk framework. The insurance newsletter features an interview with Olaf Sleijpen, DNB division director Supervision Insurers, highlighting that insurers must respond well to changes related to economic environment, new risks, and customer needs.
As part of the other key highlights of the newsletters, DNB:
- Expects banks to pay more attention to the management of climate-related risks
- Examines the applications of artificial intelligence within the Dutch banking system and their implications for risk management, governance, regulation, and supervision
- Mentions recent publications by ECB, EBA, EC, and other international forums
- Asks non-life insurers to better substantiate their choices when purchasing the reinsurance program
- Published the final question and answer (Q&A) on guarantees in purchase agreements
- 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, Basel, Market Risk, DNB
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HKMA urged authorized institutions to take early action to adhere to the IBOR Fallbacks Protocol, which ISDA is expected to publish soon.
FSB published a global transition roadmap for London Inter-bank Offered Rate (LIBOR).
HM Treasury published a document that summarizes the responses received from a consultation on the approach of UK to transposition of the revised Bank Resolution and Recovery Directive (BRRD2).
HM Treasury published the government response to the feedback received on the consultation for updating the prudential regime of UK before the end of the Brexit transition period.
PRA published the final policy statement PS22/20, which contains the updated supervisory statement SS12/13 on counterparty credit risk.
FSB published an update on its work to address market fragmentation. FSB is working in this area in collaboration with the other standard-setting bodies.
EBA proposed revisions to the guidelines on major incident reporting under the second Payment Service Directive (PSD2).
EBA published the final draft regulatory technical standards specifying the methodology for prudential treatment of software assets by banks.
FSB published a report presenting the roadmap to enhance cross-border payments by providing a high-level plan that sets ambitious but achievable goals and milestones in the five focus areas.
In a recent communication, EIOPA urged the insurance sector to complete its preparations for the end of the Brexit transition period on December 31, 2020.