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

    EBA Clarifies Use of COVID-19-Impacted Data for IRB Credit Risk Models

    The European Banking Authority (EBA) published four draft principles to support supervisory efforts in assessing the representativeness of COVID-19-impacted data for banks using the internal ratings based (IRB) credit risk models.

    June 21, 2022 WebPage Regulatory News

    BIS Hub Updates Work Program for 2022, Announces New Projects

    The Bank for International Settlements (BIS) Innovation Hub updated its work program, announcing a set of projects across various centers.

    June 17, 2022 WebPage Regulatory News

    US Senate Members Seek Details on SEC Proposed Climate Disclosure Rule

    Certain members of the U.S. Senate Committee on Banking, Housing, and Urban Affairs issued a letter to the Securities and Exchange Commission (SEC)

    June 16, 2022 WebPage Regulatory News

    EIOPA Consults on Review of Securitization Framework in Solvency II

    The European Insurance and Occupational Pensions Authority (EIOPA) published a consultation paper on the advice on the review of the securitization prudential framework in Solvency II.

    June 16, 2022 WebPage Regulatory News

    UK Authorities Issue Regulatory and Reporting Updates for Banks

    The Prudential Regulation Authority (PRA) issued a statement on PRA buffer adjustment while the Bank of England (BoE) published a notice on the statistical reporting requirements for banks.

    June 15, 2022 WebPage Regulatory News

    BaFin Consults on Resolvability Requirements for Resolution Planning

    The Federal Financial Supervisory Authority of Germany (BaFin) proposed to amend the “Capital Investment Conduct And Organization Ordinance” and issued a draft circular on the minimum resolvability requirements for resolution planning.

    June 10, 2022 WebPage Regulatory News

    EBA Consults on Certain Standards and Guidelines Under CRR and BRRD

    The European Banking Authority (EBA) proposed guidelines, for the resolution authorities, on the publication of the write-down and conversion and bail-in exchange mechanic, with the comment period ending on September 07, 2022.

    June 08, 2022 WebPage Regulatory News

    OJK Publishes Regulatory Updates for Financial Sector Entities

    The Financial Services Authority of Indonesia (OJK) is strengthening cooperation with the Australian Prudential Regulation Authority (APRA) and the Japanese Financial Services Agency (JFSA)

    June 03, 2022 WebPage Regulatory News

    EU Publishes Rules on DLT and Data Governance

    The European Parliament and the Council published Regulation 2022/868 on European data governance (Data Governance Act).

    June 03, 2022 WebPage Regulatory News

    EBA Publishes Phase 2 of Reporting Framework 3.2

    The European Banking Authority (EBA) published phase 2 of its reporting framework 3.2. The technical package supports the implementation of the updated reporting framework by providing standard specifications

    June 03, 2022 WebPage Regulatory News
    RESULTS 1 - 10 OF 8267