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

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.

David Fihrer
Skilled life insurance actuary; subject matter expert on IFRS 17 and source of earnings
Previous Article
APRA Delays Implementation of New Data Collection SolutionRelated Articles
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.
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.
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.
BCBS Report Examines Impact of Basel III Framework for Banks
The Basel Committee on Banking Supervision (BCBS) published results of the Basel III monitoring exercise based on the June 30, 2022 data.
PRA Consults on Prudential Rules for "Simpler-Regime" Firms
Among the recent regulatory updates from UK authorities, a key development is the first-phase consultation, from the Prudential Regulation Authority (PRA), on simplifications to the prudential framework that would apply to the simpler-regime firms.
DNB Publishes Multiple Reporting Updates for Banks
DNB, the central bank of Netherlands, updated the list of additional reporting requests and published additional data quality checks and XBRL-Formula linkbase documents for the first quarter of 2023.
NBB Sets Out Climate Risk Expectations, Issues Reporting Updates
The National Bank of Belgium (NBB) published a communication on climate-related and environmental risks, issued an update on XBRL reporting
EBA Updates Address Securitization Standards and DGS Guidelines
The European Banking Authority (EBA) published the final draft of the regulatory technical standards that set out conditions for assessment of homogeneity of the underlying exposures in simple, transparent, and standardized (STS) securitizations.
FSB Publishes Letter to G20, Sets Out Work Priorities for 2023
The Financial Stability Board (FSB) published a letter intended for the G20 Finance Ministers and Central Bank Governors, highlighting the work that FSB will take forward under the Indian G20 Presidency in 2023