DNB issued the banking and insurance newsletters for December 2018. The newsletters highlight that the Securitization Regulation will come into effect on January 01, 2019. The insurance newsletter features an interview with Nicole Stolk, the DNB Director of Resolution, highlighting that the new law on resolution should better prepare insurers and DNB for a crisis situation.
The following are the additional key highlights of the newsletters:
- DNB seminar on information security and cybersecurity to be held on February 12, 2019 and intended for insurers, pension funds, banks, and asset managers
- Mention of recent publications by ECB, EBA, EC, and other international forums
- Insurers with immaterial impact of the Volatility Adjustment and alternative extrapolation to qualify for an exemption from national reporting
- Vulnerabilities highlighted by the European stress test for the insurance sector
- Updated calendars for banks and insurers
- Banking Newsletter (in Dutch)
- Insurance Newsletter (in Dutch)
- Banking Calendar (PDF in English)
- Insurance Calendar (PDF in Dutch)
Keywords: Europe, Netherlands, Banking, Insurance, Newsletter, QIS Calendar, Stress Testing, Securitization Regulation, DNB
EBA finalized the two sets of draft regulatory technical standards on the identification of material risk-takers and on the classes of instruments used for remuneration under the Investment Firms Directive (IFD).
EC published, in the Official Journal of the European Union, a notification that the European Court of Auditors (ECA) has published a special report on resolution planning in the Single Resolution Mechanism.
BoE published a scenario against which it will be stress testing banks in 2021, in addition to setting out the key elements of the 2021 stress test, guidance on the 2021 stress test, and the variable paths for the 2021 stress test.
PRA published a consultation paper (CP3/21) proposes rules regarding the timing of identity verification required for eligibility of depositor protection under the Financial Services Compensation Scheme (FSCS).
FSB published the work program for 2021, which reflects a strategic shift in priorities in the COVID-19 environment.
FCA announced that 50% firms have started using the new data collection platform RegData, which is slated to replace the existing platform known Gabriel.
Bundesbank published Version 5.0 of the derivation rules for completeness check at the form level, with respect to the data quality of the European harmonized reporting system.
FED finalized a rule that updates capital planning requirements to reflect the new framework from 2019 that sorts large banks into categories, with requirements that are tailored to the risks of each category.
ECB published results of the quarterly lending survey conducted on 143 banks in the euro area.
ESAs published the final draft implementing technical standards on reporting of intra-group transactions and risk concentration of financial conglomerates subject to the supplementary supervision in EU.