DNB Expects First Reporting on COVID-19 Data to Begin in September
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
- News Release on Additional Data Requests
- Overview of Additional Data Requests (PDF)
- EBA Guidelines (PDF)
- News on Data Quality Checks
- Data Quality Checks (XLSX)
Keywords: Europe, EU, Netherlands, Banking, COVID-19, Reporting, Data Quality Checks, FINREP, DNB
Featured Experts
María Cañamero
Skilled market researcher; growth strategist; successful go-to-market campaign developer
Pierre-Etienne Chabanel
Brings expertise in technology and software solutions around banking regulation, whether deployed on-premises or in the cloud.
Nicolas Degruson
Works with financial institutions, regulatory experts, business analysts, product managers, and software engineers to drive regulatory solutions across the globe.
Previous Article
CSSF Updates Reporting Requirements for Credit InstitutionsRelated Articles
EBA Analyzes Impact of Unwind Mechanism of Liquidity Coverage Ratio
EBA published a report analyzing the impact of the unwind mechanism of the liquidity coverage ratio (LCR) for a sample of European banks over a three-year period, from the end of 2016 to the first quarter of 2020.
ECB Outlines Views on Possible Changes to AnaCredit Rule and TLTROs
In response to questions from a member of the European Parliament, the ECB President Christine Lagarde issued a letter clarifying the possibility of amending the AnaCredit Regulation and making targeted longer-term refinancing operations (TLTROs) dependent on the climate-related impact of bank loans.
IASB Begins First Phase of Post-Implementation Review of IFRS 9
IASB started the post-implementation review of the classification and measurement requirements in IFRS 9 on financial instruments and added the review as a project to its work plan.
FSB Report Examines Progress in Resolvability of Systemic Institutions
FSB published a report that examines progress in implementing policy measures to enhance the resolvability of systemically important financial institutions.
EBA Benchmarks National Insolvency Frameworks Across EU
EBA published a report on the benchmarking of national loan enforcement frameworks across 27 EU member states, in response to the call for advice from EC.
FSB Reports Assess Impact of Pandemic on Financial Stability
FSB published a letter from its Chair Randal K. Quarles, along with two reports exploring various aspects of the market turmoil resulting from the COVID-19 event.
RBNZ Consults on Implementation of Capital Review Changes
RBNZ launched a consultation on the details for implementing the final Capital Review decisions announced in December 2019.
IASB Announces Andreas Barckow as the New Chair from July 2021
The Trustees of the IFRS Foundation, which are responsible for the governance and oversight of IASB, have announced the appointment of Dr. Andreas Barckow as the IASB Chair, effective July 2021.
HKMA Consults on Capital Rules for Bank Equity Investments in Funds
HKMA issued a letter to consult the banking industry on a full set of proposed draft amendments to the Banking (Capital) Rules for implementing the Basel standard on capital requirements for banks’ equity investments in funds in Hong Kong.
ESRB Supports Extension of Macro-Prudential Measure by Swedish FSA
ESRB published an opinion assessing the decision of Swedish Financial Supervisory Authority (FSA) to extend the application period of a stricter measure for residential mortgage lending, in accordance with Article 458 of the Capital Requirements Regulation (CRR).
