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)
- Notification on Country Risk Report
- Notification on Benchmark Transition Reporting
- Taxonomy for Country Risk Report (ZIP)
- Request for Monitoring Transition
Keywords: Europe, Netherlands, Banking, Digital Reporting Portal, Taxonomy, XBRL, Interest Rate Benchmark, Risk-Free Rates, IBOR, Transition, DNB
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