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.
- Notification on Submission Method via DLR
- Notification on Integrity Risk Questionnaire Template
- Notification on Remuneration Reporting
- Notification on Audit IKB Reporting
- Notification on FAQs on COVID-19 Data Request
- Overview of Additional Data Requests
Keywords: Europe, Netherlands, Banking, FAQ, Remuneration, Deposit Guarantee Scheme, CRD IV, Basel, COVID-19, DLR, ECB, DNB
The Board of Governors of the Federal Reserve System (FED) adopted the final rule on Adjustable Interest Rate (LIBOR) Act.
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.
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.
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.
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.
The Hong Kong Monetary Authority (HKMA) made announcements to address sustainability issues in the financial sector.
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.
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.
The Financial Conduct Authority (FCA) is seeking comments, until December 21, 2022, on the draft guidance for firms to support existing mortgage borrowers.
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.