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.
- 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
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