Featured Product

    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.

     

    Related Links

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

    Featured Experts
    Related Articles
    News

    OSFI Discusses Benchmark Rate Transition, Sets Out Work Priorities

    The Office of the Superintendent of Financial Institutions (OSFI) published the strategic plan for 2022-2025 and the departmental plan for 2022-23.

    May 17, 2022 WebPage Regulatory News
    News

    EBA Proposes Standards to Support Secondary NPL Markets

    The European Banking Authority (EBA) is consulting, until August 31, 2022, on the draft implementing technical standards specifying requirements for the information that sellers of non-performing loans (NPLs) shall provide to prospective buyers.

    May 17, 2022 WebPage Regulatory News
    News

    EU Confirms Agreement on Rules on Cybersecurity and Banking Resolution

    The European Council and the Parliament reached an agreement on the revised Directive on security of network and information systems (NIS2 Directive).

    May 13, 2022 WebPage Regulatory News
    News

    EBA Issues Standards for Crowdfunding Service Providers Under ECSPR

    The European Banking Authority (EBA) published the final draft regulatory technical standards specifying information that crowdfunding service providers shall provide to investors on the calculation of credit scores and prices of crowdfunding offers.

    May 13, 2022 WebPage Regulatory News
    News

    EU to Amend Credit Risk Adjustment Rules; ESAs Submit Queries on SFDR

    The European Council published a draft Commission Delegated Regulation to amend the regulatory technical standards on specification of the calculation of specific and general credit risk adjustments.

    May 13, 2022 WebPage Regulatory News
    News

    EU Confirms Agreement on Rules on Cybersecurity and Banking Resolution

    The European Securities and Markets Authority (ESMA) published a paper that examines the systemic risk posed by increasing use of cloud services, along with the potential policy options to mitigate this risk.

    May 12, 2022 WebPage Regulatory News
    News

    MAS Amends Notice 635 and Issues Second Proposal on Green Taxonomy

    The Monetary Authority of Singapore (MAS) published amendments to Notice 635, which sets out requirements that a bank in Singapore has to comply with when granting an unsecured non-card credit facility to individuals.

    May 12, 2022 WebPage Regulatory News
    News

    EC Consults on PSD2 and Open Finance; EU Reaches Agreement on DORA

    The European Commission (EC) published a public consultation on the review of revised payment services directive (PSD2) and open finance.

    May 11, 2022 WebPage Regulatory News
    News

    EC Mandates ESAs to Propose Amendments to SFDR Technical Standards

    The European Commission (EC) has issued two letters mandating the European Supervisory Authorities (ESAs) to jointly propose amendments to the regulatory technical standards under Sustainable Finance Disclosure Regulation or SFDR.

    May 11, 2022 WebPage Regulatory News
    News

    EBA Examines Supervisory Practices, Issues Deposits Reporting Template

    The European Banking Authority (EBA) published its annual report on convergence of supervisory practices for 2021. Additionally, following a request from the European Commission (EC),

    May 11, 2022 WebPage Regulatory News
    RESULTS 1 - 10 OF 8196