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

HKMA Revises Implementation Schedule for Initial Margin Rules

HKMA intends to adopt a revised implementation schedule for the margin requirements for non-centrally cleared derivatives.

August 16, 2019 WebPage Regulatory News
News

FASB Proposes to Extend CECL Standard Deadline for Certain Entities

FASB proposed an Accounting Standards Update that would grant private companies, not-for-profit organizations, and certain small public companies additional time to implement FASB standards on current expected credit losses (CECL), leases, and hedging.

August 15, 2019 WebPage Regulatory News
News

IASB Adds Phase Two of IBOR Reform to Its Work Plan

IASB (or the Board) has added the second phase of its project focused on potential financial reporting implications linked to the interest rate benchmark reform—interbank offer rate (IBOR) reform—to its work plan.

August 15, 2019 WebPage Regulatory News
News

FED Updates Draft Instructions for Proposed FR Y-14 Reporting Forms

FED updated draft instructions for the monthly, quarterly, and annual capital assessments and stress testing reports, also known as forms FR Y-14M, FR Y-14Q, FR Y-14A, respectively.

August 15, 2019 WebPage Regulatory News
News

APRA Applies Additional Capital Requirement for an Australian Insurer

APRA decided to apply an additional $250 million capital requirement to Allianz Australia Limited to reflect the issues identified in the risk governance self-assessment by the insurer.

August 14, 2019 WebPage Regulatory News
News

APRA Consults on Final Phase Margin Rules for Uncleared Derivatives

APRA is consulting on amendments to the prudential standard CPS 226 on margin and risk mitigation requirements for non-centrally cleared derivatives.

August 14, 2019 WebPage Regulatory News
News

BCBS FAQs on Implementation of Operational Risk Capital Requirements

BCBS published the first set of frequently asked questions (FAQs) to facilitate consistent global implementation of the standardized approach for operational risk capital.

August 14, 2019 WebPage Regulatory News
News

MAS Publishes Rules on Single Counterparty Credit Limits for Banks

MAS published Notice 656 on rules to measure and limit exposures to a single counterparty group for banks incorporated in Singapore.

August 14, 2019 WebPage Regulatory News
News

BoE Publishes Actual and Indicative MREL for Banks in UK

BoE published actual and indicative minimum requirements for own funds and eligible liabilities (MRELs) for UK banks and buildings societies that have bail-in or partial transfer resolution strategies.

August 14, 2019 WebPage Regulatory News
News

OSFI Sets Out Plans for Implementation of Insurance Contracts Standard

OSFI published a letter that provides an update on the milestones completed and the activities underway with respect to the implementation of the insurance contracts standard International Financial Reporting Standard (IFRS) 17.

August 13, 2019 WebPage Regulatory News
RESULTS 1 - 10 OF 3638