DNB is informing banks about an error in the explanatory notes to the quarterly report on the interest rate risk in the banking book (IRRBB). In the notes, it had been erroneously stated that all amounts must be reported in thousands of euros. All amounts must be reported in units starting from the reference period of June 2019. The revised explanation will more clearly state that the reporting of percentages must be done in decimal places. For example, 11.25% must reported as 0.1125 and 150% as 1.50. This way of reporting is already common in the other XBRL reports.
The submission of the report on IRRBB will take place via Digital Reporting Portal (Digitaal Loket Rapportages or DLR). The current incorrect explanation, as available via Open Book Supervision, will be adjusted in short term in accordance with the above-described reporting instructions. The incorrect reporting instruction may result in a bank being requested to submit a re-report for the interest rate risk. This solely concerns the report with reference period June 2019 and only the banks that have submitted this report in thousands of euros.
Related Link: Notification
Keywords: Europe, Netherlands, Banking, Reporting, Digital Reporting Portal, IRRBB, Interest Rate Risk, DNB
Previous ArticleAMF Publishes Capital Adequacy Requirements Guideline for Insurers
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.