DNB Proposes to Amend IFR, Issues Other Regulatory Updates
DNB, the central bank of Netherlands, is proposing to amend certain provisions of the Investment Firms Regulation and Directive (IFR and IFD). It also published several reporting updates, its annual report for 2021, and good practices on cyber risk management.
Below are the key details of the recent updates:
- The amendments to specific provisions of IFR and IFD are related to internal capital adequacy assessment process (ICAAP) and internal liquidity adequacy assessment process (ILAAP) obligation for class 3 investment firms, use of delta formulas in accordance with Capital Requirements Regulation, and calculation of own funds requirements. The deadline for submitting comments is April 15, 2022.
- DNB annual report for 2021 sets out the economic and financial developments over the past year and sets out the key priorities for 2022, including those aimed to address climate risks and facilitate digitalization.
- DNB updated the list of the additional data requests for banks. The updated and new data requests, which have been highlighted with the word "UPDATE" or “NEW” in red, include semi-recurring as well as ad hoc data requests to banks from DNB and European agencies.
- DNB announced that the "Integrity Risk Questionnaire (AML/CFT) reporting obligation" will be available as of April 14, 2022 in Digital Reporting Portal (or DLR) instead of March 31, 2022. The reporting deadline is June 09, 2022.
- DNB announced that an updated version of the file "Required templates and filing indicators" has been made available. In the updated version, DNB has indicated the templates that are mandatory, not allowed, or optional and with which value a filing indicator should be included in the XBRL report. This version applies to the Data Point Model (DPM) 3.1. This version includes changes to several templates of COREP OF, COREP FRTB, COREP LR, COREP NSFR, and GSII modules. DNB has also updated the earlier version of “Required templates and filing indicators” for DPM 3.0.
- DNB shared examples and good practices on how to manage information security and related cyber risks. Due to the current situation in Ukraine, there is an increased cyber threat to Dutch financial institutions. Thus, DNB specifically requests all financial institutions in the Netherlands to devote additional attention to these examples and good practices.
Related Links
- Notification on Amendments to IFR and IFD (in Dutch)
- Consultation on Amendments to IFR and IFD (PDF in Dutch)
- Notification on DNB Annual Report (in Dutch)
- Updated Additional Data Requests (PDF)
- Notification on AML/CFT Reporting Obligation
- Notification on Templates and Filing Indicators
- Updated Templates and Filing Indicators for DPM 3.1 (ZIP)
- Updated Templates and Filing Indicators for DPM 3.0 (ZIP)
- Notification on Cyber Risk Management
Keywords: Europe, Netherlands, Banking, Basel, Regulatory Capital, Reporting, Investment Firms, CRR, IFR, IFD, ICAAP, ILAAP, Own Funds Requirement, Annual Report, DLR, DPM 3.0, DPM 3.1, COREP, Cyber Risk, Ukraine, DNB
Featured Experts

María Cañamero
Skilled market researcher; growth strategist; successful go-to-market campaign developer

Nicolas Degruson
Works with financial institutions, regulatory experts, business analysts, product managers, and software engineers to drive regulatory solutions across the globe.

Patrycja Oleksza
Applies proficiency and knowledge to regulatory capital and reporting analysis and coordinates business and product strategies in the banking technology area
Previous Article
EC Updates Address Rules on Open Data and Sustainability DisclosuresRelated Articles
CFPB Finalizes Rule on Small Business Lending Data Collection
The Consumer Financial Protection Bureau (CFPB) published a final rule that sets out data collection requirements on small business lending, under section 1071 of the Dodd-Frank Act.
BCBS to Consult on Pillar 3 Climate Risk Disclosures by End of 2023
The Bank for International Settlements (BIS) published a summary of the recent Basel Committee (BCBS) meetings.
FINMA Approves Merger of Credit Suisse and UBS
The Swiss Financial Market Supervisory Authority (FINMA) has approved the takeover of Credit Suisse by UBS.
BOE Sets Out Its Thinking on Regulatory Capital and Climate Risks
The Bank of England (BOE) published a working paper that aims to understand the climate-related disclosures of UK financial institutions.
US Congress Report Examines Data Privacy and Cybersecurity Regulations
The U.S. Congressional Research Service published a report on banking, data privacy, and cybersecurity regulation.
OSFI Finalizes on Climate Risk Guideline, Issues Other Updates
The Office of the Superintendent of Financial Institutions (OSFI) is seeking comments, until May 31, 2023, on the draft guideline on culture and behavior risk, with final guideline expected by the end of 2023.
EU to Conduct One-Off Scenario Analysis to Assess Transition Risk
The European authorities recently made multiple announcements that impact the banking sector.
APRA Assesses Macro-Prudential Policy Settings, Issues Other Updates
The Australian Prudential Regulation Authority (APRA) published an information paper that assesses its macro-prudential policy settings aimed at promoting stability at a systemic level.
BIS Paper Examines Impact of Greenhouse Gas Emissions on Lending
BIS issued a paper that investigates the effect of the greenhouse gas, or GHG, emissions of firms on bank loans using bank–firm matched data of Japanese listed firms from 2006 to 2018.
HMT Mulls Alignment of Ring-Fencing and Resolution Regimes for Banks
The HM Treasury (HMT) is seeking evidence, until May 07, 2023, on practicalities of aligning the ring-fencing and the banking resolution regimes for banks.