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    DNB Publishes Reporting Updates and Recommendation on Dividend Payouts

    July 28, 2021

    DNB, the central bank of Netherlands, published several reporting updates, along with an updated list of additional data requests for banks. The updated data requests, which have been highlighted with the word "UPDATE" in red, include semi-recurring as well as ad hoc data requests to banks from DNB and European agencies. DNB notified that an updated version of the file "Required templates and filing indicators” for DPM 3.0 has been made available. In the updated version, DNB has indicated the templates that are mandatory, not allowed, or optional. For the COREP OF module, DNB indicated with which value a filing indicator should be included in the XBRL report.

    Additionally, to maintain consistency with the EBA regulation, DNB has removed the validation rules, which EBA had deactivated validation rules (53 rules) in June 2021. DNB also decided not to extend dividend payout restrictions beyond September 2021 for the less significant credit institutions, which it directly supervises. This decision from DNB follows the ECB decision to not extend the recommendation for all banks to limit dividends beyond September 2021. Once the current recommendation expires, supervisors will return to the pre-pandemic way of assessing banks’ capital and dividend plans in the context of the normal supervisory cycle. However, DNB highlights that banks should remain prudent when deciding on dividends and share buybacks, carefully considering the sustainability of their business models.

     

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    Keywords: Europe, Netherlands, Banking, Reporting, DPM 3.0, COREP, Credit Risk, Dividend Distribution, COVID-19, Regulatory Capital, Validation Rules, Basel, EBA, ECB, DNB

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