DNB decided to leave the countercyclical capital buffer (CCyB) rate at 0%, with the trend of subdued credit growth being the key consideration underlying this decision. However, DNB announced that it intends to build a CCyB of 2% in the foreseeable future. DNB also published several reporting updates, along with an updated list of additional data requests for banks. The updated and new data requests, which have been highlighted with the words "NEW" or "UPDATE" in red, include semi-recurring as well as ad hoc data requests to banks from DNB and European agencies.
The key reporting updates are as follows:
- DNB informed concerned banks that the reporting obligation with regard to Article 23 LCR DR has been made available in Digital Reporting Portal or DLR.
- DNB announced that the COVID-19 quarterly reporting obligation (moratoria templates) for submission in XBRL has been made available in DLR as of October 01, 2020. The reporting deadline for this obligation coincides with the timeline for the Capital Requirements Directive (CRD) IV reports.
- DNB released a new version of frequently asked questions (FAQs) prepared by ECB on the COVID-19 data request.
- As per the information provided in the additional data requests table, DNB will circulate, to banks, the Excel template for the 2021 EBA supervisory benchmarking exercise for market risk at the beginning of December 2020.
- News Release on CCyB
- Notification on LCR DR
- Notification on COVID-19 Reporting Requirements
- Notification on FAQs on COVID-19 Data
- Update on Additional Data Requests
Keywords: Europe, Netherlands, Banking, Reporting, Digital Reporting Portal, COVID-19, FAQ, CCyB, Basel, CRD IV, LCR, Supervisory Benchmarking, SBP, DNB
Previous ArticleBNB Sets Countercyclical Buffer at 0.5% for Fourth Quarter of 2020
ESAs published the final draft implementing technical standards on reporting of intra-group transactions and risk concentration of financial conglomerates subject to the supplementary supervision in EU.
EBA published the annual report on asset encumbrance of banks in EU.
FED updated the reporting form and instructions for the FR Y-9C report on consolidated financial statements for holding companies.
EBA issued a consultation paper on the guidelines on monitoring of the threshold and other procedural aspects of the establishment of intermediate EU parent undertakings, or IPUs, as laid down in the Capital Requirements Directive.
EC published Regulation 2021/25 that addresses amendments related to the financial reporting consequences of replacement of the existing interest rate benchmarks with alternative reference rates.
BIS published a bulletin, or a note, that examines the cyber threat landscape in the context of the pandemic and discusses policies to reduce risks to financial stability.
HM Treasury, also known as HMT, has updated the table containing the list of the equivalence decisions that came into effect in UK at the end of the transition period of its withdrawal from EU.
EBA published an erratum for technical package on phase 1 of the reporting framework 3.0.
APRA updated a frequently asked question (FAQ), for authorized deposit-taking institutions, on the measurement of credit risk weighted assets.
ECB published a letter from Andrea Enria, the Chair of the Supervisory Board of ECB, answering questions raised by the President of the Bundestag (the German federal parliament) on how ECB assesses the financial stability of the euro area in the context of the significant level of nonperforming loans.