Featured Product

    DNB Expects First Reporting on COVID-19 Data to Begin in September

    June 08, 2020

    DNB published an overview of the additional data requests, including semi-recurring as well as ad hoc data requests to banks, from DNB and European agencies. In its overview of additional data requests, DNB has indicated that it expects to begin first reporting of COVID-related data, via additional FINREP templates, in September (though final decision not conveyed yet). DNB also published the additional data-quality checks related to reference period June 2020 (run from July 01, 2020).

    Banks will need to submit COVID-related data within the scope of the EBA guidelines on legislative and non-legislative moratoria on loan repayments (EBA/GL/2020/02). The report frequency will be quarterly with the reference date of data from the second quarter of 2020 onward. DNB explains that the goal of this exercise is to investigate the impact of COVID-19. Reporting templates are based on FINREP (Annex V) definitions and instructions. Banks in scope will be contacted by email with instructions.

    Ad-hoc requests will remain listed on the overview of additional data requests for three months after the ultimate reporting date. The following data reports and data requests have been excluded from the overview of additional 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 WFT
    • Bank-specific requests
    • Other requests such as surveys and qualitative questionnaires


    Related Links

    Keywords: Europe, EU, Netherlands, Banking, COVID-19, Reporting, Data Quality Checks, FINREP, DNB

    Featured Experts
    Related Articles
    News

    EC to Defer Application of SFDR Standards Till July 2022

    The European Commission (EC) announced plans to defer the application of 13 regulatory technical standards under the Sustainable Finance Disclosure Regulation (2019/2088) by six months, from January 01, 2022 to July 01, 2022.

    July 23, 2021 WebPage Regulatory News
    News

    BoE Consults on Approach to Setting MREL, Publishes Bail-In Guidance

    The Bank of England (BoE) published a consultation paper on approach to setting minimum requirement for own funds and eligible liabilities (MREL), an operational guide on executing bail-in, and a statement from the Deputy Governor Dave Ramsden.

    July 22, 2021 WebPage Regulatory News
    News

    EBA Seeks Views on Proportionality Assessment Methodology

    The European Banking Authority (EBA) is seeking preliminary input on standardization of the proportionality assessment methodology for credit institutions and investment firms.

    July 22, 2021 WebPage Regulatory News
    News

    US Agencies Propose Changes to Call Reports and Instructions

    Certain regulatory authorities in the US are extending period for completion of the review of certain residential mortgage provisions and for publication of notice disclosing the determination of this review until December 20, 2021.

    July 22, 2021 WebPage Regulatory News
    News

    PRA Finalizes Rulebook Definition of Higher Paid Material Risk-Taker

    The Prudential Regulation Authority (PRA) published the policy statement PS18/21, which introduces an amendment in the definition of "higher paid material risk taker" in the Remuneration Part of the PRA Rulebook.

    July 21, 2021 WebPage Regulatory News
    News

    EBA Examines Asset Encumbrance in Banking Sector

    The European Banking Authority (EBA) published its annual report on asset encumbrance in banking sector.

    July 21, 2021 WebPage Regulatory News
    News

    EBA Publishes Methodological Guide to Mystery Shopping

    The European Banking Authority (EBA) published a methodological guide to mystery shopping.

    July 21, 2021 WebPage Regulatory News
    News

    APRA Issues Update on Capital Reform Policy Settings for Banks

    The Australian Prudential Regulation Authority (APRA) released a letter to authorized deposit-taking institutions to provide an update on key policy settings for the capital framework reforms, which will come into effect from January 01, 2023.

    July 21, 2021 WebPage Regulatory News
    News

    CPMI-IOSCO Assess Continuity Planning of Market Infrastructures

    The Committee on Payments and Market Infrastructures (CPMI) and the International Organization of Securities Commissions (IOSCO) published a report that assesses the business continuity planning activities of financial market infrastructures or FMIs.

    July 21, 2021 WebPage Regulatory News
    News

    ESMA Responds to Proposal Related to Sustainability Standards Board

    The European Securities and Markets Authority (ESMA) has responded to the IFRS consultation on targeted amendments to the IFRS Foundation constitution to accommodate an International Sustainability Standards Board (ISSB) to set IFRS Sustainability Standards.

    July 21, 2021 WebPage Regulatory News
    RESULTS 1 - 10 OF 7283