Featured Product

    DNB Corrects an Error in Instructions for IRRBB Reporting by Banks

    September 05, 2019

    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 LinkNotification

     

    Keywords: Europe, Netherlands, Banking, Reporting, Digital Reporting Portal, IRRBB, Interest Rate Risk, DNB

    Featured Experts
    Related Articles
    News

    FSB Report Examines Implementation and Impact of G20 Financial Reforms

    FSB published fifth annual report on the implementation and effects of the G20 financial regulatory reforms.

    October 16, 2019 WebPage Regulatory News
    News

    EBA Launches Consultation on Comprehensive Pillar 3 Disclosures

    EBA proposed the new comprehensive implementing technical standard (ITS) for public disclosures by financial institutions.

    October 16, 2019 WebPage Regulatory News
    News

    EBA Consults on Revised Technical Standards on Supervisory Reporting

    EBA launched a consultation on the revised implementing technical standards, or ITS, on supervisory reporting.

    October 16, 2019 WebPage Regulatory News
    News

    APRA Proposes Measures to Strengthen Capital for Bank Depositors

    APRA proposed changes to APS 111, which is the prudential standard on measuring capital adequacy and establishes the criteria for regulatory capital requirements of authorized deposit-taking institutions.

    October 15, 2019 WebPage Regulatory News
    News

    FSB Report Examines Implementation of OTC Derivative Reforms

    FSB published annual progress report on implementation of the agreed G20 reforms for over-the-counter (OTC) derivatives markets.

    October 15, 2019 WebPage Regulatory News
    News

    FSB Publishes Update on Its Market Fragmentation Work

    FSB published an update on its work to address the issue of market fragmentation.

    October 14, 2019 WebPage Regulatory News
    News

    FCA Releases Feedback to Online Survey on New Data Collection Platform

    FCA published results of the survey requesting feedback for the new data collection platform that will replace GABRIEL.

    October 14, 2019 WebPage Regulatory News
    News

    HKMA Reduces Countercyclical Capital Buffer in Hong Kong to 2.0%

    HKMA announced that the countercyclical capital buffer (CCyB) for banks in Hong Kong has been reduced from 2.5% to 2.0%, with immediate effect, in accordance with the Banking (Capital) Rules.

    October 14, 2019 WebPage Regulatory News
    News

    EC Consults on Implementation of Final Basel III Reforms in EU

    EC launched a public consultation on the implementation of Basel III standards in EU.

    October 11, 2019 WebPage Regulatory News
    News

    MAS Amends Regulation on Clearing of Derivatives Contracts

    MAS amended regulation for the mandatory centralized clearing of certain derivative contracts.

    October 11, 2019 WebPage Regulatory News
    RESULTS 1 - 10 OF 3971