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    DNB Publishes Several Regulatory Updates for Banks in March 2021

    March 30, 2021

    DNB decided to leave the countercyclical capital buffer (CCyB) for banks to be unchanged at 0% for this quarter. Although DNB intends to build up CCyB eventually, the activation of CCyB is not expected before the end of 2021. DNB also published its first report on financial climate-related risks and opportunities in accordance with the recommendations from Task Force on Climate-related Financial Disclosures (TCFD). The report discloses the steps taken to identify and mitigate climate-related risks in DNB's areas of responsibility, including asset and liability management, supervision of the financial sector, economic advice, and statistics. In addition to this, DNB published several reporting updates, along with a list of additional data requests for banks. The updated data requests, which have been highlighted with the word "UPDATE" in red, include semi-recurring as well as ad hoc data requests to banks from DNB and European agencies.

    The key reporting updates include the following:

    • One of the additional data requests requires less significant institutions to submit an updated recovery plan by March 31, 2021, in accordance with the revised Bank Recovery and Resolution Directive (BRRD) as transposed into Dutch law. 
    • The Integrity Risk Questionnaire reporting obligation for anti-money laundering and countering the financing of terrorism (AML/CFT) is available in Digital Reporting Portal or DLR, as of March 31, 2021, with the reporting deadline of May 27, 2021.
    • Financial Market Infrastructure (FMI), Critical Functions Report CFR), and the Commission Implementing Regulation (CIR) reporting obligations are now available in DLR, as of March 16, 2021, with the reporting deadline of April 16, 2021.
    • A new version of the frequently asked questions (FAQs), drawn by ECB, on the COVID-19 data request has been published.


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    Keywords: Europe, Netherlands, Banking, CCyB, Reporting, DLR, Basel, BRRD, Digital Reporting Portal, AML/CFT, Resolution Framework, Regulatory Capital, DNB

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