Featured Product

    DNB Sets Out Reporting Updates and Policy Actions on Climate Risk

    November 29, 2021

    DNB, the central bank of Netherlands, published an updated list of the additional data requests for banks. The updated and new data requests, which have been highlighted with the word "UPDATE" or “NEW” in red, include semi-recurring as well as ad hoc data requests to banks from DNB and European agencies. DNB also published draft questions and answers (Q&A) on compliance with the Sanctions Act for the screening of relationships by crypto service providers. In the draft Q&A, DNB further explains the meaning of the term "relationship" and the measures that institutions must take to check whether individuals or legal entities are subject to sanctions. DNB is requesting feedback on the draft Q&A by December 17, 2021.

    Additionally, on the occasion of the 2021 United Nations Climate Change Conference (COP26), DNB pledged to contribute, within its mandate, to decisive policy action to implement the Paris Agreement and mitigate the consequences of climate change. The pledge complements the Glasgow Declaration of the Network for Greening the Financial System or NGFS. DNB pledged that, in 2022, it will:

    • Develop an assessment framework that enables to better assess climate related risks at the institutions under its supervision, address these risks and use enforcement measures if needed
    • Assess if and how the CO2 emissions of the payment systems can be further reduced to work toward alignment with the Paris objectives
    • Work together with Dutch market infrastructure parties on best practices for climate-related risk management
    • Take steps, in the context of, and consistent with the Eurosystem, to include climate change considerations in the monetary policy framework
    • Explore how climate-related risks can be integrated into our macro-economic models
    • Use simulation tooling to calculate the direct impact of carbon pricing at sectoral level
    • Continue to advise the Dutch government on appropriate economic and financial policies to adapt to and mitigate climate change
    • Take further steps to align the carbon footprint of the DNB investment portfolio with the Paris Agreement

     

    Related Links

    Keywords: Europe, Netherlands, Banking, Securities, Reporting, Q&A, Sanctions Act, Crypto Service Providers, Cryptocurrency, Climate Change Risk, ESG, Paris Agreement, NGFS, DNB

    Related Articles
    News

    EC Regulation Sets Out Methods for Measuring K-Factors Under IFR

    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.

    January 11, 2022 WebPage Regulatory News
    News

    BIS Studies How Platform Models Impact Financial Stability & Inclusion

    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.

    January 10, 2022 WebPage Regulatory News
    News

    ESAs Publish List of Financial Conglomerates for 2021

    The European Supervisory Authorities (ESAs) published the list of identified financial conglomerates for 2021.

    January 07, 2022 WebPage Regulatory News
    News

    APRA Licenses Two More Banks, Reduces Committed Liquidity Facility

    The Australian Prudential Regulation Authority (APRA) granted license to Barclays Bank PLC and Crédit Agricole Corporate and Investment Bank to operate as foreign authorized deposit-taking institutions under the Banking Act 1959.

    January 06, 2022 WebPage Regulatory News
    News

    EU Issues SII Corrigendum; EIOPA Assesses SII Reporting Exemptions

    EU published, in the Official Journal of the European Union, a corrigendum to the Delegated Regulation 2015/35, which supplements Solvency II Directive (2009/138/EC).

    January 06, 2022 WebPage Regulatory News
    News

    EBA Opines on Impact of De-Risking and Associated AML/CFT Challenges

    The European Banking Authority (EBA) published an Opinion on the scale and impact of de-risking in European Union and the steps that competent authorities should take to tackle unwarranted de-risking.

    January 05, 2022 WebPage Regulatory News
    News

    French Financial Markets Authority Sets Out Priorities for 2022

    The French Financial Markets Authority (AMF) published its 2022 work priorities, along with the supervisory priorities for 2022.

    January 05, 2022 WebPage Regulatory News
    News

    US Agencies Issue Statement on Community Bank Leverage Ratio Framework

    The U.S. Department of the Treasury issued a determination on a request for an exemption, by RBC US Group Holdings LLC, from certain requirements of the rule implementing the qualified financial contracts (QFC) recordkeeping requirements under the Dodd-Frank Act.

    January 04, 2022 WebPage Regulatory News
    News

    FCA Informs About Changes to LIBOR Settings From End-2021

    The Financial Conduct Authority (FCA) announced that publication of 24 LIBOR settings has ended and that, going forward, the 6 most widely used sterling and Japanese yen settings will be published using a changed methodology.

    January 04, 2022 WebPage Regulatory News
    News

    PBC Sets Out Fintech Development Plan for 2022 to 2025

    The People’s Bank of China (PBC) formulated the recently issued Fintech Development Plan (2022 to 2025) under the Outline of the 14th Five-Year Plan (2021-2025) for National Economic and Social Development and the Long-Range Objectives through the Year 2035.

    January 04, 2022 WebPage Regulatory News
    RESULTS 1 - 10 OF 7854