Featured Product

    DNB Reduces Systemic Risk Buffer Requirement for Certain Banks

    April 23, 2020

    DNB announced publication of the amended Capital Requirements Directive and Regulation (CRD IV and CRR) 2019 Specific Provisions Regulation, in context of the systemic risk buffer requirements, in the Government Gazette in April 2020. The amended regulation shall enter into force on the day after it is published in the Government Gazette. DNB is committed to continuing to guarantee the stability of the financial sector amid COVID-19 outbreak. Against this backdrop, on March 17, DNB decided to reduce the systemic risk buffer requirement for three major banks—ING, Rabobank, and ABN Amro. DNB is lowering systemic risk buffer from 3% of global risk-weighted exposures to 2.5% for ING, 2% for Rabobank, and 1.5% for ABN Amro.

    The above-mentioned regulation has been amended to allow the announced adjustment of the systemic risk buffer. This reduction in buffer will help banks to support lending to the Dutch economy. In time, the reduction in the buffer requirements will be compensated by a gradual increase in the countercyclical capital buffer to 2% of Dutch risk-weighted exposures. In effect, the total buffer requirement for these banks will eventually return to the current level. The gradual build-up of this buffer will begin once conditions have normalized. DNB had consulted on amendment to the CRD IV and CRR 2019 Specific Provisions Regulation, in connection with the systemic risk buffer, from March 23, 2020 to April 06, 2020. 

     

    Related Links

    Effective Date: April 18, 2020

    Keywords: Europe, Netherlands, Banking, Systemic Risk Buffer, Systemic Risk, CRD IV, CRR, Specific Provisions Regulation, COVID-19, Regulatory Capital, DNB

    Featured Experts
    Related Articles
    News

    UK Authorities Consult on Implementation of Basel 3.1 Standards

    The UK authorities have published consultations with respect to the Basel requirements for banks. The Prudential Regulation Authority (PRA) published the consultation paper CP16/22 on rules for the implementation of Basel 3.1 standards.

    November 30, 2022 WebPage Regulatory News
    News

    ESAs Issue Multiple Regulatory Updates for Financial Sector Entities

    The three European Supervisory Authorities (ESAs) issued a letter to inform about delay in the Sustainable Finance Disclosure Regulation (SFDR) mandate, along with a Call for Evidence on greenwashing practices.

    November 15, 2022 WebPage Regulatory News
    News

    FSB and NGFS Publish Initial Findings from Climate Scenario Analyses

    The Financial Stability Board (FSB) and the Network for Greening the Financial System (NGFS) published a joint report that outlines the initial findings from climate scenario analyses undertaken by financial authorities to assess climate-related financial risks.

    November 15, 2022 WebPage Regulatory News
    News

    FSB Issues Reports on NBFI and Liquidity in Government Bonds

    The Financial Stability Board (FSB) published a letter intended for the G20 leaders, highlighting the work that it will undertake under the Indian G20 Presidency in 2023 to strengthen resilience of the financial system.

    November 14, 2022 WebPage Regulatory News
    News

    ISSB Makes Announcements at COP27; IASB to Propose IFRS 9 Amendments

    The International Sustainability Standards Board (ISSB) of the IFRS Foundations made several announcements at COP27 and with respect to its work on the sustainability standards.

    November 10, 2022 WebPage Regulatory News
    News

    IOSCO Prioritizes Green Disclosures, Greenwashing, and Carbon Markets

    The International Organization for Securities Commissions (IOSCO), at COP27, outlined the regulatory priorities for sustainability disclosures, mitigation of greenwashing, and promotion of integrity in carbon markets.

    November 09, 2022 WebPage Regulatory News
    News

    EBA Finalizes Methodology for Stress Tests, Issues Other Updates

    The European Banking Authority (EBA) issued a statement in the context of COP27, clarified the operationalization of intermediate EU parent undertakings (IPUs) of third-country groups

    November 09, 2022 WebPage Regulatory News
    News

    EU Finalizes Rules Under Crowdfunding Service Providers Regulation

    The European Union has finalized and published, in the Official Journal of the European Union, a set of 13 Delegated and Implementing Regulations applicable to the European crowdfunding service providers.

    November 08, 2022 WebPage Regulatory News
    News

    OSFI Sets Out Work Priorities and Reporting Updates for Banks

    The Office of the Superintendent of Financial Institutions (OSFI) published an annual report on its activities, a report on forward-looking work.

    November 07, 2022 WebPage Regulatory News
    News

    APRA Finalizes Changes to Capital Framework, Issues Other Updates

    The Australian Prudential Regulation Authority (APRA) finalized amendments to the capital framework, announced a review of the prudential framework for groups.

    November 03, 2022 WebPage Regulatory News
    RESULTS 1 - 10 OF 8597