DNB issued the banking and insurance newsletters for June 2019. The banking newsletter focuses on the new European regulatory package aimed to reduce the risks in the banking sector and to build in more proportionality. The regulatory package includes revisions to capital requirements regulation and directive (CRR/CRD), Banking Recovery and Resolution Directive (BRRD), and Single Resolution Mechanism Regulation (SRMR). DNB is also consulting on specific provisions related to CRD IV and CRR, which will run until August 01, 2019. The insurance newsletter highlights that DNB supports EIOPA in its evaluation of Solvency II.
The following are the additional key highlights of the newsletters:
- DNB amended its position on the independent functioning of the Supervisory Board on a number of points.
- DNB and Netherlands Authority for the Financial Markets (AFM) is consulting on changes related to a policy rule, following changes in national and European legislation and regulations.
- DNB has conducted an initial exploratory study into artificial intelligence and machine learning applications in lending at Dutch banks. With these applications, banks aim to automate parts of the lending process and to improve the functioning of the existing lending models.
- DNB published the definitive questions and answers (Q&A) on the recognition of reinsurance contracts under the standard formula and updated Q&A for health insurers on the prohibition of ancillary activities.
- The newsletters contain updated calendars for banks and insurers.
- Banking Newsletter (in Dutch)
- Insurance Newsletter (in Dutch)
- Banking Calendar (PDF in English)
- Insurance Calendar (PDF in Dutch)
Keywords: Europe, Netherlands, Banking, Insurance, Newsletter, QIS Calender, CRR/CRD, BRRD, SRMR, Solvency II, NPLs, DNB
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