Featured Product

    DNB Issues Several Reporting Updates for Banks in April 2021

    April 23, 2021

    DNB published several reporting updates, along with an updated list of 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 also informed stakeholders that the submission method, via Digital Reporting Portal (or DLR), for the auditor's report for banks remains unchanged compared to last year. The submission of files will continue to take place in the usual manner via DLR using one reporting obligation.

    In that one obligation, DNB expects to receive five files: auditor's report on the Capital Requirements Directive (CRD IV) data (in XBRL format), electronic signature for the auditor's report on the CRD IV data (in XML format), auditor's report on Interest Rate Risk (in PDF format), results overview document (in Excel format), and the audit report. Additional key reporting updates are as follows:

    • A new English version of the template on Integrity Risk Questionnaire (version 2.0) has been made available. The Dutch version of the template on Integrity Risk Questionnaire remains unchanged.
    • Banks are requested to submit the annual Remuneration Report only via XBRL. EBA released the applicable version of the taxonomy (REM 1.0.1) on April 08, 2021. This annual reporting obligation is applicable to banks with a registered office in the Netherlands and the non-European Economic Area branches. Deadline for submitting this report is June 30, 2021. Less significant institutions will be informed about the additional reporting obligation concerning “Identified staff.” This report will be requested via Excel and separately via DLR.
    • As of May 03, 2021, the Audit Individual Client View (IKB) reporting requirement has been made available in DLR. The reporting deadline is August 31, 2021. Based on the Single Customer View Policy Rule under the deposit guarantee scheme (DGS), banks must submit a report setting out the opinion of internal audit department (Section 11) and an ISAE 3402 type 2 report containing the opinion of external auditor (Section 12). The reports can be submitted together. A single reporting obligation is available for banking groups to submit their reports (a single report for all licenses or separate reports for each license).
    • A new version of the frequently asked questions (FAQs), prepared by ECB, on the COVID-19 data request has been made available.

     

    Related Links

    Keywords: Europe, Netherlands, Banking, FAQ, Remuneration, Deposit Guarantee Scheme, CRD IV, Basel, COVID-19, DLR, ECB, DNB

    Featured Experts
    Related Articles
    News

    APRA Issues Interim Update to Policy Priorities for 2021 and Beyond

    In a letter addressed to the industry, the Australian Prudential Regulation Authority (APRA) set out an updated schedule of policy priorities for the banking, insurance, and superannuation industries.

    September 24, 2021 WebPage Regulatory News
    News

    EC Adopts Solvency II and Resolution Rules Package for Insurers

    The European Commission (EC) adopted a comprehensive review package of Solvency II rules in the European Union.

    September 22, 2021 WebPage Regulatory News
    News

    OCC Issues Booklets on Regulatory Reporting and Earnings

    The Office of the Comptroller of the Currency (OCC) issued Versions 1.0 of the "Earnings" and "Regulatory Reporting" booklets of the Comptroller's Handbook.

    September 22, 2021 WebPage Regulatory News
    News

    ECB Sets Out Results of Economy-Wide Climate Stress Tests

    The European Central Bank (ECB) published results of its economy-wide climate stress test, which aimed to assess the resilience of non-financial corporates and euro area banks to climate risks.

    September 22, 2021 WebPage Regulatory News
    News

    EBA Examines Implications of Increasing Use of Digital Platforms in EU

    The European Banking Authority (EBA) published a report on the use of digital platforms in the banking and payments sector in European Union.

    September 21, 2021 WebPage Regulatory News
    News

    HKMA Issues Updates on Policy Measures Intended to Ease COVID Impact

    The Hong Kong Monetary Authority (HKMA) published updates on the policy measures that were announced in context of the ongoing pandemic.

    September 21, 2021 WebPage Regulatory News
    News

    ISDA Responds to BCBS Proposal on Treatment of Cryptoasset Exposures

    The International Swaps and Derivatives Association (ISDA), along with several other associations, submitted a joint response to the Basel Committee on Banking Supervision (BCBS) consultation on preliminary proposals for the prudential treatment of cryptoasset exposures.

    September 21, 2021 WebPage Regulatory News
    News

    BIS Quarterly Review Discusses Developments in Fintech and ESG Space

    BIS published the September issue of the Quarterly Review, which contains special features that analyze the rapid rise in equity funding for financial technology firms, the effectiveness of policy measures in response to pandemic, and the evolution of international banking.

    September 20, 2021 WebPage Regulatory News
    News

    BCBS to Consult on Supervisory Practices for Climate Risks by Year-End

    The Basel Committee for Banking Supervision (BCBS) met in September 2021 and reviewed climate-related financial risks, discussed impact of digitalization, and welcomed efforts by the International Financial Reporting Standards (IFRS) Foundation to develop a common set of sustainability reporting standards

    September 20, 2021 WebPage Regulatory News
    News

    OCC Identifies Operational Risk Deficiencies in MUFG Union Bank

    The Office of the Comptroller of the Currency (OCC) issued a Cease and Desist Order against MUFG Union Bank for deficiencies in technology and operational risk governance.

    September 20, 2021 WebPage Regulatory News
    RESULTS 1 - 10 OF 7494