DNB issued the banking newsletter for June 2017. This month one of the key focus areas is strategic risk in the Internal Capital Adequacy Assessment Process (ICAAP). In the assessments of less significant institutions under the Supervisory Review and Evaluation Process, close attention will be paid to how banks deal with the strategic risks arising from their business models and profitability. DNB's review of recovery plan for small and medium-size banks is another focus area. The newsletter highlights that a number of Dutch small and medium-size banks do not yet fully meet the EBA guidelines for recovery plans.
Other focus areas include:
EBA conducts consultation and workshop in London on the 2018 EU-wide stress test methodology
Banks provide input on draft guidance on transaction monitoring and DNB plans to issue the final guidance document shortly
DNB looks at the management of fiscal risks, including aggressive tax planning and client anonymity by banks
DNB increased fixed rates for the supervision and resolution of banks as well as the implementation of Deposit Guarantee Scheme; the monitoring costs for banks will be charged based on the minimum amount of regulatory capital
DNB requires banks, payment institutions, and money transfer offices to fill out an annual online questionnaire on integrity risks in the financial sector (including money laundering and terrorist financing)
DNB updates Survey/QIS calendar for banks
Keywords: Europe, Netherlands, Banking, DNB, Newsletter
Previous ArticleESMA Consults On CCP Anti-Procyclicality Margin Measures
EBA finalized the guidelines on treatment of structural foreign-exchange (FX) positions under Article 352(2) of the Capital Requirements Regulation (CRR).
FSB published a statement on the impact of COVID-19 pandemic on global benchmark transition.
IAIS published technical specifications, questionnaires, and templates for 2020 Insurance Capital Standard (ICS) and Aggregation Method data collections.
BIS announced that it will establish new Innovation Hub centers across Europe and in North America in cooperation with member central banks.
FED updated the reporting form for FR 2052a, which is used to monitor the overall liquidity profile of certain supervised institutions.
PRA published a statement that sets out its views on certain amendments made to Capital Requirements Regulations (CRR and CRR2) via EU Regulation 2020/873 (CRR "Quick Fix"), including some guidance for firms.
PRA is proposing (CP5/20) an approach for publication of Solvency II technical information after the end of the transition period for Brexit.
FASB announced that SEC has upgraded the Electronic Data Gathering, Analysis, and Retrieval (EDGAR) system to Release 20.2.
The Climate Financial Risk Forum (CFRF), which is a joint climate risk forum of FCA and PRA, published a guide written by the industry for the industry to help firms approach and address climate-related financial risks.
IAIS published an application paper on liquidity risk management for insurers.