DNB issued the banking and insurance newsletters for March 2019. The banking newsletter informs that banks must use a renewed form in Digital Reporting Portal (Digitaal Loket Rapportages or DLR) as of June 30, 2019 for their quarterly reporting of interest rate risk to DNB. Additionally, the banking newsletter highlights that DNB organized its fourth Banking Seminar on March 11, 2019. The key topics covered in the seminar include digitization, risk management, and the resilience of the Banking Union.
The following are the additional key highlights of the newsletters:
- Update on the research conducted by DNB in the field of information security in 2018
- DNB will conduct follow-up research in 2019 to arrive at a supervisory approach that is in line with the possibilities and risks of insurtech
- Publication of a brochure about supervision of small and medium-size banks
- Recent relevant publications by ECB, EBA, EC, and other international forums
- 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, IRRBB, Reporting, DNB
PRA published the policy statement PS8/21, which contains the final supervisory statement SS3/21 on the PRA approach to supervision of the new and growing non-systemic banks in UK.
EBA published a report that sets out the final draft regulatory technical standards specifying the conditions according to which consolidation shall be carried out in line with Article 18 of the Capital Requirements Regulation (CRR).
EBA updated the list of other systemically important institutions (O-SIIs) in EU.
BCBS published two reports that discuss transmission channels of climate-related risks to the banking system and the measurement methodologies of climate-related financial risks.
UK Authorities (FCA and PRA) welcomed the findings of FSB peer review on the implementation of financial sector remuneration reforms in the UK.
PRA and FCA jointly issued a letter that highlights risks associated with the increasing volumes of deposits that are placed with banks and building societies via deposit aggregators and how to mitigate these risks.
MFSA announced that amendments to the Banking Act, Subsidiary Legislation, and Banking Rules will be issued in the coming months, to transpose the Capital Requirements Directive (CRD5) into the national regulatory framework.
EC finalized the Delegated Regulation 2021/598 that supplements the Capital Requirements Regulation (CRR or 575/2013) and lays out the regulatory technical standards for assigning risk-weights to specialized lending exposures.
OSFI launched a consultation to explore ways to enhance the OSFI assurance over capital, leverage, and liquidity returns for banks and insurers, given the increasing complexity arising from the evolving regulatory reporting framework due to IFRS 17 (Insurance Contracts) standard and Basel III reforms.
ECB published results of the benchmarking analysis of the recovery plan cycle for 2019.