DNB, the central bank of Netherlands, published multiple reporting updates and is seeking feedback, until October 01, 2022, on whether to reciprocate certain macro-prudential measures by the Belgian and German supervisory authorities.
As part of the recent announcements, DNB
- updated the list of the additional data requests, including semi-recurring and one-off data requests, to banks from DNB and European agencies.
- published additional data quality checks and XBRL-Formula linkbase documents for the third quarter of 2022. The additional data quality checks related to the reference period September 2022 (run from October 01, 2022) have been presented under "User documentation" on Digital Reporting Portal (DLR) for banks. In line with previous periods, the document only concerns the data quality checks that are valid for the mentioned reference period. The document contains additional information on additional data quality checks that are run in XBRL. For each entry point for which additional data quality checks are defined, there is a separate XBRL-Formula linkbase file and the filename is in accordance with the relevant entry point.
- intends to reciprocate the macro-prudential measures by the National Bank of Belgium and the German Federal Financial Supervisory Authority to prevent the materialization of negative cross-border effects in the form of leakages and regulatory arbitrage. The Belgian measure comprises a 9% systemic risk buffer rate on all internal ratings-based retail exposures to natural persons that are secured by residential immovable property located in Belgium whereas the German measure comprises a 2% systemic risk buffer on all exposures (that is, retail and non-retail exposures) to natural and legal persons that are secured by residential real estate located in Germany. The measures would be applicable to the relevant exposures of branches of Dutch credit institutions in Belgium or Germany and to relevant cross-border exposures of Dutch credit institutions to Belgium or Germany. The Belgian measure becomes binding when credit institutions’ relevant sectoral exposures through branches and direct cross-border exposures exceed an institution-specific threshold of EUR 2 billion whereas the German measure becomes binding when credit institutions’ relevant sectoral exposures through branches and direct cross-border exposures exceed the threshold is of EUR 10 billion. Both measures are applicable under Article 133 of the Capital Requirements Directive (CRD or 2013/36/EU).
- Updated Additional Data Requests (PDF)
- Notification on Additional Data Quality Checks
- DLR User Documentation
- Consultation on Reciprocation of Belgian Systemic Risk Buffer
- Consultation on Reciprocation of German Systemic Risk Buffer
Keywords: Europe, Netherlands, Banking, Reporting, IRB Approach, RRE, CRE, Basel, Regulatory Capital, Systemic Risk Buffer, CRD, DNB
The European Banking Authority (EBA) has published the final templates, and the associated guidance, for collecting climate-related data for the one-off Fit-for-55 climate risk scenario analysis.
The European Banking Authority (EBA) recently published a report that recommends enhancements to the Pillar 1 framework, under the prudential rules, to capture environmental and social risks.
As a follow on from its prudential standard on the treatment of crypto-asset exposures, the Basel Committee on Banking Supervision (BCBS) proposed disclosure requirements for crypto-asset exposures of banks.
The Basel Committee on Banking Supervision (BCBS) and the European Banking Authority (EBA) have published results of the Basel III monitoring exercise.
The Prudential Regulation Authority (PRA) recently issued a few regulatory updates for banks, with the updated Basel implementation timelines being the key among them.
The U.S. Department of the Treasury has recently set out the principles for net-zero financing and investment.
The European Commission (EC) launched a stakeholder survey on the draft International Guiding Principles for organizations developing advanced artificial intelligence (AI) systems.
The finalization of the two sustainability disclosure standards—IFRS S1 and IFRS S2—is expected to be a significant step forward in the harmonization of sustainability disclosures worldwide.
Decentralized finance (DeFi) is expected to increase in prominence, finding traction in use cases such as lending, trading, and investing, without the intermediation of traditional financial institutions.
The Basel Committee on Banking Supervision (BCBS) published reports that assessed the overall implementation of the net stable funding ratio (NSFR) and the large exposures rules in the U.S.