Featured Product

    DNB Publishes Multiple Regulatory and Reporting Updates in June 2022

    June 30, 2022

    DNB, the central bank of Netherlands, published several reporting updates and the results of a study on macro-prudential perspective on cyber risk.

    As part of the recent announcements, DNB

    • updated the list of the additional data requests, including semi-recurring as well as one-off data requests to banks from DNB and European agencies.
    • announced that the Structural Foreign Exchange positions reporting obligation will be available as of July 01, 2022 in the Digital Reporting Portal (or DLR). DNB has published the related reporting template. The Structural Foreign Exchange provision, as laid down in Article 352(2) of the Capital Requirements Regulation (CRR), allows competent authorities to authorize the exclusion of Foreign Exchange risk positions deliberately taken by institutions to hedge against the adverse effect of exchange rates on capital ratios from the calculation of the net open currency positions, where those positions are of a structural nature. Institutions for which the exclusion of these Structural Foreign Exchange positions has been granted are required to report on a quarterly basis the monitoring figures as specified in guidelines on the treatment of Structural Foreign Exchange positions (EBA/GL/2020/09).
    • published a revised version of the additional data quality checks for the second quarter of 2022. In this revised version, 11 validation rules have been removed and 35 validation rules have been modified. The changes are not substantive and only concern the addition of the leading zeros in the rows and columns.
    • announced that the submission deadline for the audit certification 2021 is June 30, 2022. The scope remains unchanged compared to last year. This means that the following reports needs to be certified: COREP OF, COREP LE, FINREP (only the highest level), and interest rate risk. The reporting obligation for the audit certification 2021 can be found under reference period December 31, 2021 in DLR
    • published the results of its study on macro-prudential perspective on cyber risk. In the study, DNB investigates under which circumstances a cyber incident at a financial institution could develop into a threat for the financial system. The study focuses on a number of scenarios and channels of contagion. In one scenario, a cyberattack causes one or more participants in the interbank payment system to fail, while in the other the loss of confidence leads to a bank run. The preliminary conclusion is that a cyber incident can affect financial stability mainly when operational problems spread through multiple channels of contagion and if this results in a major confidence shock.

     

    Related Links


    Keywords: Europe, Netherland, Banking, Reporting, Structural Foreign Exchange, CRR, Basel, COREP, FINREP, Cyber Risk, Financial Stability, DNB

    Featured Experts
    Related Articles
    News

    APRA Publishes Results of Climate Risk Self-Assessment Survey

    The Australian Prudential Regulation Authority (APRA) has published the findings of its latest climate risk self-assessment survey conducted across the banking, insurance, and superannuation industries.

    August 04, 2022 WebPage Regulatory News
    News

    ACPR Publishes Updates Related to CRD IV and Covered Bonds

    The French Prudential Supervisory Authority (ACPR) published a notice related to the methods for calculating and publishing prudential ratios under the Capital Requirements Directive (CRD IV) and the minimum requirement for own funds and eligible liabilities (MREL).

    August 03, 2022 WebPage Regulatory News
    News

    BIS Paper Contributes to Debate on Regulating NBFIs and Big Techs

    The Financial Stability Institute (FSI) of the Bank for International Settlements recently published a paper proposing a framework for classifying financial stability regulation as either entity-based or activity-based.

    August 03, 2022 WebPage Regulatory News
    News

    EIOPA Publishes Guidance on Climate Change Scenarios in ORSA

    The European Insurance and Occupational Pension Authority (EIOPA) published the risk dashboard based on Solvency II data and the final version of the application guidance on climate change materiality assessments and climate change scenarios in the Own Risk and Solvency Assessment (ORSA).

    August 02, 2022 WebPage Regulatory News
    News

    EBA and ECB Respond to Proposals on Sustainability Disclosures

    The European Banking Authority (EBA) and the European Central Bank (ECB) published their responses to the consultations of the International Sustainability Standards Board (ISSB) and the European Financial Reporting Advisory Group (EFRAG) on sustainability-related disclosure standards.

    August 01, 2022 WebPage Regulatory News
    News

    BIS Report Notes Existing Gaps in Climate Risk Data at Central Banks

    A Consultative Group on Risk Management (CGRM) at the Bank for International Settlements (BIS) published a report that examines incorporation of climate risks into the international reserve management framework.

    July 29, 2022 WebPage Regulatory News
    News

    EBA Publishes Multiple Regulatory Updates for Regulated Entities

    The European Banking Authority (EBA) published the final guidelines on liquidity requirements exemption for investment firms, updated version of its 5.2 filing rules document for supervisory reporting, and Single Rulebook Question and Answer (Q&A) updates in July 2022.

    July 29, 2022 WebPage Regulatory News
    News

    EIOPA Issues SII Taxonomy and Guide on Sustainability Preferences

    The European Insurance and Occupational Pensions Authority (EIOPA) published Version 2.8.0 of the Solvency II data point model (DPM) and XBRL taxonomy.

    July 29, 2022 WebPage Regulatory News
    News

    EESC Opines on Proposals on CRR and European Single Access Point

    The European Union published, in the Official Journal of the European Union, an opinion from the European Economic and Social Committee (EESC); the opinion is on the proposal for a regulation to amend the Capital Requirements Regulation (CRR).

    July 29, 2022 WebPage Regulatory News
    News

    HM Treasury Publishes Multiple Regulatory Updates in July 2022

    HM Treasury published a draft statutory instrument titled “The Financial Services (Miscellaneous Amendments) (EU Exit) Regulations 2022,” along with the related explanatory memorandum and impact assessment.

    July 29, 2022 WebPage Regulatory News
    RESULTS 1 - 10 OF 8424