Featured Product

    DNB Issues Taxonomy for BIS Consolidated Banking Statistics

    June 30, 2020

    DNB published version 2.0.0 of taxonomy for “BIS Consolidated Banking Statistics (BISCBS)," also known as the DNB 8023 country risk report. This new version of the taxonomy aligns with the update of the DNB reporting guidelines for country risk reporting. This taxonomy contains one entry point available for filing. The reporting period and deadlines are not affected by the introduction of this new reporting format. Banks must use version 2.0.0 to submit their country risk report effective from the fourth quarter of 2020 reference period. The submission deadline for this reference period is February 25, 2021. DNB will publish a new user manual for this by mid-July 2020. DNB also notified that the "interest benchmark transition reporting obligation" is available, for selected banks, in the Digital Reporting Portal or DLR, as of July 01, 2020. The deadline for submission is August 18, 2020.

    The main change in the taxonomy version 2.0.0 for country risk report concerns the introduction of additional columns to allow further break-down of claims on an immediate basis. The taxonomy includes the following documents:

    • Release notes for version 2.0.0
    • Excel workbook with the taxonomy content, data points, hierarchies, (current) assertions, and annotated templates of the forms
    • Excel workbook with the data dictionary
    • XBRL reporting framework, version 2.0.0 (as a taxonomy package)
    • Reporting framework, specific dictionary (as a taxonomy package)
    • Zip file with a sample XBRL instance for each entrypoint

    In June 2020, the Netherlands Authority for the Financial Markets (AFM) and DNB launched a request from institutions to gather information on the status of the transition to alternative interest rate benchmarks. From July 01, a selection of insurers, pension funds, investment institutions, and banks (that are not under the direct supervision of ECB) will participate in the semi-annual call for "tenders." The last intended "tender" will be in January 2022. The information requested consists of data on relevant financial instruments and products. In addition, various questions have been included about the progress and obstacles in the transition. The data request should be completed on a best effort basis, for positions on June 30, 2020.

     

    Related Links (in Dutch and English)

    Keywords: Europe, Netherlands, Banking, Digital Reporting Portal, Taxonomy, XBRL, Interest Rate Benchmark, Risk-Free Rates, IBOR, Transition, DNB

    Featured Experts
    Related Articles
    News

    EBA Clarifies Use of COVID-19-Impacted Data for IRB Credit Risk Models

    The European Banking Authority (EBA) published four draft principles to support supervisory efforts in assessing the representativeness of COVID-19-impacted data for banks using the internal ratings based (IRB) credit risk models.

    June 21, 2022 WebPage Regulatory News
    News

    EP Reaches Agreement on Corporate Sustainability Reporting Directive

    The European Council and the European Parliament (EP) reached a provisional political agreement on the Corporate Sustainability Reporting Directive (CSRD).

    June 21, 2022 WebPage Regulatory News
    News

    PRA Consults on Model Risk Management Principles for Banks

    The Prudential Regulation Authority (PRA) launched a consultation (CP6/22) that sets out proposal for a new Supervisory Statement on expectations for management of model risk by banks.

    June 21, 2022 WebPage Regulatory News
    News

    EC Regulation Amends Standards for Calculating Credit Risk Adjustments

    The European Commission (EC) published the Delegated Regulation 2022/954, which amends regulatory technical standards on specification of the calculation of specific and general credit risk adjustments.

    June 21, 2022 WebPage Regulatory News
    News

    HKMA Announces Launch of Data Repository on Sustainable Finance

    The Hong Kong Monetary Authority (HKMA) announced that the Green and Sustainable Finance (GSF) Cross-Agency Steering Group has launched the information and data repositories and outlined the progress made in advancing the development of green and sustainable finance in Hong Kong.

    June 21, 2022 WebPage Regulatory News
    News

    BIS Hub Updates Work Program for 2022, Announces New Projects

    The Bank for International Settlements (BIS) Innovation Hub updated its work program, announcing a set of projects across various centers.

    June 17, 2022 WebPage Regulatory News
    News

    EIOPA Issues Cyber Underwriting Proposal, Statement on Open Insurance

    The European Insurance and Occupational Pensions Authority (EIOPA) published two consultation papers—one on the supervisory statement on exclusions related to systemic events and the other on the supervisory statement on the management of non-affirmative cyber exposures.

    June 17, 2022 WebPage Regulatory News
    News

    NGFS Report on Integration of G-Cubed Model into NGFS Scenarios

    The Network for Greening the Financial System (NGFS) published a report that explores the feasibility of integrating the G-Cubed general equilibrium model into the NGFS suite of models.

    June 17, 2022 WebPage Regulatory News
    News

    US Senate Members Seek Details on SEC Proposed Climate Disclosure Rule

    Certain members of the U.S. Senate Committee on Banking, Housing, and Urban Affairs issued a letter to the Securities and Exchange Commission (SEC)

    June 16, 2022 WebPage Regulatory News
    News

    EIOPA Consults on Review of Securitization Framework in Solvency II

    The European Insurance and Occupational Pensions Authority (EIOPA) published a consultation paper on the advice on the review of the securitization prudential framework in Solvency II.

    June 16, 2022 WebPage Regulatory News
    RESULTS 1 - 10 OF 8301