DNB, the central bank of Netherlands, published several reporting updates, announced its decision to activate Dutch deposit guarantee scheme (DGS) for account holders of Amsterdam Trade Bank N.V. (ATB), published results of a study on climate-related and environmental risks for banks, and provided update on the Regulation on Sound Remuneration Policies.
As part of the recent announcements, DNB
- updated the list of the additional data requests, including semi-recurring as well as one-off data requests to banks from DNB and European agencies.
- announced that the Diversity Practices reporting obligation will be available as of April 20, 2022 in Digital Reporting Portal (or DLR). The reporting deadline is May 31, 2022. Banks within the scope of this report will be informed.
- decided to activate the Dutch deposit guarantee scheme (DGS) for account holders of Amsterdam Trade Bank N.V. (ATB), following the bankruptcy of ATB. DNB will pay out the amount covered by the Dutch Deposit Guarantee to eligible account holders at ATB, subject to a maximum of EUR 0.10 million per person. Additional protection applies to money held temporarily in accounts related to the purchase or sale of a house, up to EUR 0.50 million. Starting April 27, account holders can submit the enclosed form through the DNB website to apply for their compensation.
- published the results of its study on identification, measurement, and management of climate and environmental risks. The study involved DNB's analysis of the self-assessment from 22 medium-size and small banks, with the self-assessments consisting of a materiality assessment, a survey on meeting supervisory expectations, and an action plan. Results of the analysis show that all banks have room to step up their efforts and improve the identification, measurement, and management of climate-related and environmental risks. The results are similar to those published by the European Central Bank (ECB), who conducted the same study for significant banks in 2021.
- informed that no amendments are being made to the Regulation on Sound Remuneration Policies, also known as Rbb 2021, following a consultation on the regulation that took place in April 2021. The date of entry into force of the the Regulation on Sound Remuneration Policies is linked to the date of entry into force of the Implementation Act on the Directive on Prudential Supervision of Investment Firms. Thus, the entry into force of the Regulation on Sound Remuneration Policies has been delayed as the Implementation Act is yet to adopted by the Senate.
- Updated Additional Data Requests (PDF)
- Notification on Diversity Practices Reporting Obligation
- Notification on DGS for ATB Customers
- Notification on Compensation Payouts to ATB Customers
- Results of Study on Climate Related Risks for Banks
- Notification on Regulation on Sound Remuneration Policies
Keywords: Europe, Netherland, Banking, Reporting, Basel, Climate Change Risk, ESG, Diversity, Deposit Guarantee Scheme, Remuneration, Credit Risk, Investment Firms, Operational Risk, DNB
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