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
Keywords: Europe, Netherlands, Banking, FINREP, Reporting, DPM 2.9, COVID-19, Credit Risk, EBA, DNB, ECB
Leading economist; commercial real estate; performance forecasting, econometric infrastructure; data modeling; credit risk modeling; portfolio assessment; custom commercial real estate analysis; thought leader.
Previous ArticleCentral Bank of Ireland Updates AnaCredit Guidance for Credit Unions
The three European Supervisory Authorities (ESAs) issued a letter to inform about delay in the Sustainable Finance Disclosure Regulation (SFDR) mandate, along with a Call for Evidence on greenwashing practices.
The International Sustainability Standards Board (ISSB) of the IFRS Foundations made several announcements at COP27 and with respect to its work on the sustainability standards.
The International Organization for Securities Commissions (IOSCO), at COP27, outlined the regulatory priorities for sustainability disclosures, mitigation of greenwashing, and promotion of integrity in carbon markets.
The European Banking Authority (EBA) issued a statement in the context of COP27, clarified the operationalization of intermediate EU parent undertakings (IPUs) of third-country groups
The Office of the Superintendent of Financial Institutions (OSFI) published an annual report on its activities, a report on forward-looking work.
The Australian Prudential Regulation Authority (APRA) finalized amendments to the capital framework, announced a review of the prudential framework for groups.
The Bank for International Settlements (BIS) Innovation Hubs and several central banks are working together on various central bank digital currency (CBDC) pilots.
The European Central Bank (ECB) published the results of its thematic review, which shows that banks are still far from adequately managing climate and environmental risks.
Among its recent publications, the European Banking Authority (EBA) published the final standards and guidelines on interest rate risk arising from non-trading book activities (IRRBB)
The European Commission (EC) recently adopted regulations with respect to the calculation of own funds requirements for market risk, the prudential treatment of global systemically important institutions (G-SIIs)