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 ArticleUS Agencies Extend Deadline for Resolution Plans of Certain Banks
BIS published a paper that provides an overview on the use of big data and machine learning in the central bank community.
APRA finalized the reporting standard ARS 115.0 on capital adequacy with respect to the standardized measurement approach to operational risk for authorized deposit-taking institutions in Australia.
ECB published a guide that outlines the principles and methods for calculating the penalties for regulatory breaches of prudential requirements by banks.
MAS and The Association of Banks in Singapore (ABS) jointly issued a paper that sets out good practices for the management of operational and other risks stemming from new work arrangements adopted by financial institutions amid the COVID-19 pandemic.
ACPR announced that a new data collection application, called DLPP (Datalake for Prudential), for collecting banking and insurance prudential data will go into production on April 12, 2021.
BCB announced that the Financial Stability Committee decided to maintain the countercyclical capital buffer (CCyB) for Brazil at 0%, at least until the end of 2021.
EIOPA has launched a European-wide comparative study on non-life underwriting risk in internal models, also kicking-off of the data collection phase.
SRB published an overview of the resolution tools available in the Banking Union and their impact on a bank’s ability to maintain continuity of access to financial market infrastructure services in resolution.
EBA is consulting on the implementing technical standards for Pillar 3 disclosures on environmental, social, and governance (ESG) risks, as set out in requirements under Article 449a of the Capital Requirements Regulation (CRR).
ESAs Issue Advice on KPIs on Sustainability for Nonfinancial Reporting