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

    MAS Concludes Blockchain Payments Prototype Shows Commercial Potential

    MAS and Temasek jointly released a report to mark the successful conclusion of the fifth and final phase of Project Ubin, which focused on building a blockchain-based multi-currency payments network prototype.

    July 13, 2020 WebPage Regulatory News
    News

    EBA Publishes Phase 2 of Technical Package on Reporting Framework 2.10

    EBA published phase 2 of the technical package on the reporting framework 2.10, providing the technical tools and specifications for implementation of EBA reporting requirements.

    July 10, 2020 WebPage Regulatory News
    News

    APRA Updates Reporting Validation Rules in July 2020

    APRA updated the lists of the Direct to APRA (D2A) validation rules for authorized deposit-taking institutions, insurers, and superannuation entities.

    July 10, 2020 WebPage Regulatory News
    News

    PRA to Partly Apply EBA Guidelines on Disclosures for COVID Measures

    PRA updated the statement that provides guidance to regulated firms on implementation of the EBA guidelines on reporting and disclosure of exposures subject to measures applied in response to the COVID-19 crisis.

    July 10, 2020 WebPage Regulatory News
    News

    EBA Updates List of Correlated Currencies Under CRR

    EBA updated the 2019 list of closely correlated currencies that was originally published in December 2013.

    July 10, 2020 WebPage Regulatory News
    News

    FASB Proposes to Delay Implementation of Insurance Contracts Standard

    FASB issued a proposed Accounting Standards Update that would grant insurance companies, adversely affected by the COVID-19 pandemic, an additional year to implement the Accounting Standards Update No. 2018-12 on targeted improvements to accounting for long-duration insurance contracts, or LDTI (Topic 944).

    July 09, 2020 WebPage Regulatory News
    News

    APRA Updates Regulatory Approach to Loan Deferrals Amid COVID Crisis

    APRA updated the regulatory approach for loans subject to repayment deferrals amid the COVID-19 crisis.

    July 09, 2020 WebPage Regulatory News
    News

    BCBS and FSB Set Out Recommendations for Benchmark Transition

    BCBS and FSB published a report on supervisory issues associated with benchmark transition.

    July 09, 2020 WebPage Regulatory News
    News

    IAIS Sets Out Recommendations for Benchmark Transition for Insurers

    IAIS published a report on supervisory issues associated with benchmark transition from an insurance perspective.

    July 09, 2020 WebPage Regulatory News
    News

    ESMA Updates Reporting Manual on European Single Electronic Format

    ESMA updated the reporting manual on the European Single Electronic Format (ESEF).

    July 09, 2020 WebPage Regulatory News
    RESULTS 1 - 10 OF 5469