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.
- Update on Additional Data Requests
- Overview of Additional Data Requests (PDF)
- Notification on Templates and Filing Indicators
- Templates and Filing Indicators (XLSX)
- Notification on Validation Rules
- Notification on Dividend Distribution
Keywords: Europe, Netherlands, Banking, Reporting, DPM 3.0, COREP, Credit Risk, Dividend Distribution, COVID-19, Regulatory Capital, Validation Rules, Basel, EBA, ECB, DNB
Previous ArticleBNM Publishes Policy Document and Templates on Recovery Planning
In a letter addressed to the industry, the Australian Prudential Regulation Authority (APRA) set out an updated schedule of policy priorities for the banking, insurance, and superannuation industries.
The European Commission (EC) adopted a comprehensive review package of Solvency II rules in the European Union.
The Office of the Comptroller of the Currency (OCC) issued Versions 1.0 of the "Earnings" and "Regulatory Reporting" booklets of the Comptroller's Handbook.
The European Central Bank (ECB) published results of its economy-wide climate stress test, which aimed to assess the resilience of non-financial corporates and euro area banks to climate risks.
The European Banking Authority (EBA) published a report on the use of digital platforms in the banking and payments sector in European Union.
The Hong Kong Monetary Authority (HKMA) published updates on the policy measures that were announced in context of the ongoing pandemic.
The International Swaps and Derivatives Association (ISDA), along with several other associations, submitted a joint response to the Basel Committee on Banking Supervision (BCBS) consultation on preliminary proposals for the prudential treatment of cryptoasset exposures.
BIS published the September issue of the Quarterly Review, which contains special features that analyze the rapid rise in equity funding for financial technology firms, the effectiveness of policy measures in response to pandemic, and the evolution of international banking.
The Basel Committee for Banking Supervision (BCBS) met in September 2021 and reviewed climate-related financial risks, discussed impact of digitalization, and welcomed efforts by the International Financial Reporting Standards (IFRS) Foundation to develop a common set of sustainability reporting standards
The Office of the Comptroller of the Currency (OCC) issued a Cease and Desist Order against MUFG Union Bank for deficiencies in technology and operational risk governance.