DNB issued the banking and insurance newsletters for May 2019. The newsletters highlight that Central Banks and Supervisors Network for Greening the Financial System (NGFS) published a “Call for Action” with six concrete recommendations on making the financial system more sustainable. The key recommendations are related to integrating climate-related risks into financial stability monitoring and micro-supervision, building awareness and encouraging technical assistance and knowledge-sharing, supporting the development of a taxonomy of economic activities, and achieving robust and internationally consistent climate and environment-related disclosures.
The the newsletters include:
- Update on the questions and answers (Q&A) on “DNB Assessment framework for Information security for DNB research” and made it more accessible to administrators and policymakers.
- Update on the recent relevant publications by ECB, EBA, EC, and other international forums.
- Good practices for intra-group agreements and positions of insurers.
- Update on a study, among ten medium-size insurers, into the management of operational and IT risks. The study shows that insurers can implement the application of EIOPA's guidelines on risk management more emphatically in that regard.
- Update on the calendar for banks.
Keywords: Europe, Netherlands, Banking, Insurance, Newsletter, QIS Calender, Q&A, Climate-Related Financial Risk, Sustainable Finance, DNB
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The Central Bank of the Philippines (BSP) issued communications covering developments related to online lending platforms, open finance framework and roadmap, and on the expected regulations in the area sustainable finance.
The Board of Governors of the Federal Reserve System (FED) published the final rule that amends Regulation I to reduce the quarterly reporting burden for member banks by automating the application process for adjusting their subscriptions to the Federal Reserve Bank capital stock, except in the context of mergers.
The European Banking Authority (EBA) published its assessment of risks through the quarterly Risk Dashboard and the results of the Autumn edition of the Risk Assessment Questionnaire (RAQ).
The Malta Financial Services Authority (MFSA) updated the guidelines on supervisory reporting requirements under the reporting framework 3.0.
The Hong Kong Monetary Authority (HKMA) published a circular, along with the reporting form and instructions, for self-assessment, by authorized institutions, of compliance with the Code of Banking Practice 2021.
The Financial Conduct Authority (FCA) decided to register European DataWarehouse Ltd and SecRep Limited as securitization repositories under the UK Securitization Regulation, with effect from January 17, 2022.
The European Commission (EC) published the Delegated Regulation 2022/25, which supplements the Investment Firms Regulation (IFR or Regulation 2019/2033) with respect to the regulatory technical standards specifying the methods for measuring the K-factors referred to in Article 15 of the IFR.
The Bank of International Settlements (BIS) published a paper that assesses the ways in which platform-based business models can affect financial inclusion, competition, financial stability and consumer protection.
The Central Bank of Egypt (CBE) published a circular with instructions on emergency liquidity assistance to banks that are unable to meet their liquidity requirements.
The European Supervisory Authorities (ESAs) published the list of identified financial conglomerates for 2021.