Featured Product

    DNB Calls on Firms to Participate in EBA Data Request Under IFR

    April 06, 2020

    DNB is calling on Dutch investment firms to participate in the EBA data request for development of technical standards under the new prudential regime for investment firms. The technical standards would be for implementation of the new requirements from the Investment Firms Directive and Regulation (IFD and IFR), which will come into force in EU on June 26, 2021. EBA has received multiple mandates to further specify the prudential requirements in technical standards. For example, EBA is required to set standards for the reporting templates and the calculation of K-factors. The first draft standards are expected to be publicly consulted between May and July 2020.

    EBA expects to distribute the data request via DNB to investment firms in early May. Participation in the data request is not mandatory for investment firms. Participants could submit the data two months later in the Digital Reporting Window. Post that, EBA and DNB may ask questions about the data, after which participants can still adjust their data delivery. EBA will then carry out its impact analysis with this data. This process could be somewhat dependent on further developments regarding the COVID-19 pandemic. 

    The Investment Firms Directive and Regulation replace the prudential requirements from the Capital Requirements Directive and Regulation (CRD and CRR) for most investment firms. The largest and systemically important investment firms remain subject to the same framework as banks under the CRD and CRR. This concerns investment firms with at least EUR 15 billion in assets at group level (excluding outside EU subsidiaries). In addition, the supervisor may decide to declare the CRD and CRR applicable to investment firms with at least EUR 5 billion in assets if the firms are assessed as systemically important.


    Related Links 

    Keywords: Europe, Netherlands, Banking, Securities, IFR, IFD, Data Collection, Reporting, K-Factor Regime, Investment Firms, EBA, DNB

    Featured Experts
    Related Articles
    News

    US Agencies Issue Several Regulatory and Reporting Updates

    The Board of Governors of the Federal Reserve System (FED) adopted the final rule on Adjustable Interest Rate (LIBOR) Act.

    January 04, 2023 WebPage Regulatory News
    News

    ECB Issues Multiple Reports and Regulatory Updates for Banks

    The European Central Bank (ECB) published an updated list of supervised entities, a report on the supervision of less significant institutions (LSIs), a statement on macro-prudential policy.

    January 01, 2023 WebPage Regulatory News
    News

    HKMA Keeps List of D-SIBs Unchanged, Makes Other Announcements

    The Hong Kong Monetary Authority (HKMA) published a circular on the prudential treatment of crypto-asset exposures, an update on the status of transition to new interest rate benchmarks.

    December 30, 2022 WebPage Regulatory News
    News

    EU Issues FAQs on Taxonomy Regulation, Rules Under CRD, FICOD and SFDR

    The European Commission (EC) adopted the standards addressing supervisory reporting of risk concentrations and intra-group transactions, benchmarking of internal approaches, and authorization of credit institutions.

    December 29, 2022 WebPage Regulatory News
    News

    CBIRC Revises Measures on Corporate Governance Supervision

    The China Banking and Insurance Regulatory Commission (CBIRC) issued rules to manage the risk of off-balance sheet business of commercial banks and rules on corporate governance of financial institutions.

    December 29, 2022 WebPage Regulatory News
    News

    HKMA Publications Address Sustainability Issues in Financial Sector

    The Hong Kong Monetary Authority (HKMA) made announcements to address sustainability issues in the financial sector.

    December 23, 2022 WebPage Regulatory News
    News

    EBA Updates Address Basel and NPL Requirements for Banks

    The European Banking Authority (EBA) published regulatory standards on identification of a group of connected clients (GCC) as well as updated the lists of identified financial conglomerates.

    December 22, 2022 WebPage Regulatory News
    News

    ESMA Publishes 2022 ESEF XBRL Taxonomy and Conformance Suite

    The General Board of the European Systemic Risk Board (ESRB), at its December meeting, issued an updated risk assessment via the quarterly risk dashboard and held discussions on key policy priorities to address the systemic risks in the European Union.

    December 22, 2022 WebPage Regulatory News
    News

    FCA Sets up ESG Committee, Imposes Penalties, and Issues Other Updates

    The Financial Conduct Authority (FCA) is seeking comments, until December 21, 2022, on the draft guidance for firms to support existing mortgage borrowers.

    December 20, 2022 WebPage Regulatory News
    News

    FSB Reports Assess NBFI Sector and Progress on LIBOR Transition

    The Financial Stability Board (FSB) published a report that assesses progress on the transition from the Interbank Offered Rates, or IBORs, to overnight risk-free rates as well as a report that assesses global trends in the non-bank financial intermediation (NBFI) sector.

    December 20, 2022 WebPage Regulatory News
    RESULTS 1 - 10 OF 8697