Featured Product

    DNB Issues the Banking Newsletter for October 2017

    October 26, 2017

    DNB issued the banking newsletter for October 2017. This month's issue focuses on the ongoing preparations for Brexit in the UK, expected delay in the implementation of Payment Services Directive (PSD2), DNB survey to investigate the unintended effects of regulation, reporting of securitization transactions to DNB, and conclusions from the 2018 stress test.

    The key highlights are as follows: 

    • Despite the lack of clarity regarding a transition period, banks are well-prepared for limited access to the UK market.

    • PSD2 is likely to be implemented in spring 2018, instead of the planned date of entry of January 13, 2018, thus delaying both DNB's licensing and the entry into force of the new obligations for licensees, as explained in the DNB seminar of September 26, 2017. 

    • DNB is conducting a survey to investigate the unintended effects of regulation. With this survey, DNB wants to find out whether supervision and regulation lead to less attention to strategy and risk management. The survey also contains questions about the proportionality of regulation, reporting, and supervisory practice. The survey will be launched shortly by banks, insurers, pension funds, and premium pension institutions. Results of the survey will be the basis for analysis and recommendations, which DNB will publish in the first quarter of 2018. 

    • Entities must fulfill certain notification requirements for reporting of transactions involving securitization to DNB or ECB, including for the non-significant institutions (LSIs), which DNB oversees with ECB.

    • ECB concludes from the 2018 SSM stress test, in which six Dutch significant banks also participated, that most European banks have good governance with respect to the interest rate risk.
    • DNB updated Survey/QIS calendar for additional supervisory data requests from banks.


    Related Links

    Keywords: Europe, Netherlands, Banking, Newsletter, QIS Calendar, PSD2, DNB

    Related Articles
    News

    BCBS Consults on Revised Disclosures for Market Risk Framework

    BCBS launched a consultation on the revised disclosure requirements for the market risk framework for banks.

    November 14, 2019 WebPage Regulatory News
    News

    FSB Examines Implementation of Resolution Regimes in Financial Sector

    FSB published a report that examines progress in implementing policy measures to enhance the resolvability of systemically important financial institutions and sets out plans for further work.

    November 14, 2019 WebPage Regulatory News
    News

    PRA Publishes Final Policy on Maintenance of TMTP Under Solvency II

    PRA published the policy statement (PS25/19) that contains the final supervisory statement (SS6/16) on maintenance of the transitional measure on technical provisions (TMTPs) under Solvency II.

    November 14, 2019 WebPage Regulatory News
    News

    BCBS Consults on Disclosure Templates of Sovereign Exposures of Banks

    BCBS published a consultation on the voluntary disclosure templates related to sovereign exposures of banks.

    November 14, 2019 WebPage Regulatory News
    News

    IAIS Adopts ComFrame, ICS, and Holistic Framework for Systemic Risk

    IAIS adopted a comprehensive set of reforms—Common Framework (ComFrame), Insurance Capital Standard (ICS) Version 2.0, and Holistic Framework for Systemic Risk—that will enable effective cross-border supervision of insurance groups and contribute to global financial stability.

    November 14, 2019 WebPage Regulatory News
    News

    PRA Publishes Templates for Statistical Disclosures Under Solvency II

    PRA published templates for statistical disclosures, as required under Article 31(2) of the Solvency II Directive.

    November 14, 2019 WebPage Regulatory News
    News

    FASB Proposes Improvements to Derivatives and Hedging Standard

    FASB proposed an Accounting Standards Update, on codification improvements to hedge accounting under Topic 815, to clarify certain sections of the 2017 hedge accounting standard (Update 2017-12).

    November 13, 2019 WebPage Regulatory News
    News

    FASB Approves Guidance to Assist in Transition to New Reference Rates

    FASB approved an Accounting Standards Update (Topic 848) to provide temporary, optional guidance to ease the potential burden in accounting for, or recognizing the effects of, the reference rate reform on financial reporting.

    November 13, 2019 WebPage Regulatory News
    News

    BIS and MAS Launch Innovation Hub in Singapore

    BIS and MAS launched the BIS Innovation Hub Center in Singapore.

    November 13, 2019 WebPage Regulatory News
    News

    MAS and Industry to Create Framework for Adoption of Responsible AIDA

    MAS announced that it is working with financial industry partners to create a framework for financial institutions to promote the responsible adoption of Artificial Intelligence and Data Analytics (AIDA).

    November 13, 2019 WebPage Regulatory News
    RESULTS 1 - 10 OF 4142