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    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

     

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

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