Featured Product

    DNB Announces Several Reporting Updates in June 2020

    July 01, 2020

    DNB updated the list of additional data requests that includes semi-recurring and ad hoc data requests to banks, from DNB and European agencies. It also announced that, as of the reporting date June 30, 2020, FINREP will be implemented as the last module of DPM 2.9. The changes with respect to the FINREP forms mainly relate to non-performing exposures and the IFRS 16 standard on leases. The FINREP entry points also changed per reference period June 2020. DNB highlighted that there are no changes to the asset encumbrance reporting forms and entry points.

    The updated list of additional data requests contains several updates, including those related to the collections with respect to the COVID-19 data. In this document, DNB specified that the deadline for banks with respect to the supervisory reporting in light of COVID-19, via additional FINREP templates, is August 11, 2020. The goal of this exercise is to investigate the impact of COVID-19 and the scope of data to be submitted is covered in the EBA guidelines on legislative and non-legislative moratoria on loan repayments applied in the light of the COVID-19 crisis (EBA/GL/2020/02). Reporting templates are based on FINREP (Annex V) definitions and instructions. DNB also provides reporting timelines for the ECB COVID-19 templates, which consist of three parts: Overview and Operational Continuity, Credit Risk, and Market Risk. The information provided by subsidiaries shall be collected by the local national competent authorities/national central banks of the subsidiary. 

    DNB also announced new information for the additional Liquidity Coverage Ratio (LCR) reporting for selected less significant institutions, based on the ITS LCR templates; the goal of this exercise is to investigate the potential impact of COVID-19. Overall, the additional data requests exclude the following data reports and data requests:

    • All regular reports on the basis of European and national Regulations and laws
    • Regular data-reports based on the "Regeling Staten" as registered in the Financial Supervision Act
    • Bank-specific requests
    • Other requests such as surveys and qualitative questionnaires

     

    Related Links

    Keywords: Europe, Netherlands, Banking, FINREP, Reporting, DPM 2.9, COVID-19, Credit Risk, EBA, DNB, ECB

    Featured Experts
    Related Articles
    News

    BCBS Consults on Principles for Operational Risk and Resilience

    BCBS is consulting on the principles for operational resilience and the revisions to the principles for sound management of operational risk for banks.

    August 06, 2020 WebPage Regulatory News
    News

    FSI Note Discusses Challenges Associated with COVID Relief Measures

    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.

    August 06, 2020 WebPage Regulatory News
    News

    HKMA Announces Repayment Deferment Under Payment Holiday Scheme

    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.

    August 05, 2020 WebPage Regulatory News
    News

    ESRB Paper Presents Alternative Approach to EBA Stress Test Proposal

    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.

    August 05, 2020 WebPage Regulatory News
    News

    MAS Announces Key Initiatives to Support Adoption of SORA

    MAS announced several initiatives to support adoption of the Singapore Overnight Rate Average (SORA), which is administered by MAS.

    August 05, 2020 WebPage Regulatory News
    News

    BoE Updates Template and Definitions for Form ER

    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.

    August 05, 2020 WebPage Regulatory News
    News

    PRA to Extend Temporary High Balance Coverage Amid COVID Crisis

    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.

    August 04, 2020 WebPage Regulatory News
    News

    EBA Publishes Standards on Disclosure and Reporting of MREL and TLAC

    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.

    August 03, 2020 WebPage Regulatory News
    News

    EBA Releases Erratum for Phase 2 Package on Reporting Framework 2.10

    EBA published an erratum for the phase 2 of technical package on the reporting framework 2.10.

    August 03, 2020 WebPage Regulatory News
    News

    EC Sets Out Updated Technical Information for Solvency II Calculations

    EC published the Implementing Regulation 2020/1145, which lays down technical information for calculation of technical provisions and basic own funds.

    August 03, 2020 WebPage Regulatory News
    RESULTS 1 - 10 OF 5635