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    DNB Consults on CCyB Framework, Publishes Several Reporting Updates

    December 24, 2021

    DNB, the central bank of Netherlands, launched a consultation on the revised framework for determining the countercyclical capital buffer (CCyB) requirement for institutions. DNB is requesting feedback with respect to the list of key indicators in the draft framework as well as guidance provided in the draft framework for setting and building-up CCyB. The framework for determining the CCyB needs to be modified to implement the intention of DNB to apply a 2% CCyB in a standard risk environment. The feedback period on the consultation ends on January 18, 2022. DNB also published several reporting updates, along with an updated list of the 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 announced that the Single Resolution Fund (SRF) reporting obligation has been made available in Digital Reporting Portal (DLR), with the submission deadline of January 14, 2022. A limited number of banks are required to submit an additional certification for this report, for which a separate reporting obligation is available, with a deadline of March 10, 2022. As a follow-up to the process for optimizing the validation process, DNB has amended the validation report for XBRL reports. A new version of the validation report is available as of December 24, 2021. The new version satisfied validation rules are being presented along with the unsatisfied taxonomy validation rules. As part of optimizing the validation process of the XBRL submissions in DLR, the Single Resolution Board (SRB) reports will be treated similarly to the European Banking Authority (EBA) Capital Requirements Directive (CRD) reports regarding the allocated validation status. The SRB reports refer to all reports which are defined in the SRB taxonomy, including SRF, LDR, CFR, and FMIR. Implementing such change, all resolution reports will be processed similarly, regardless of the taxonomy being defined by EBA or SRB. Institutions are required to meet the validation rules, as presented in the SRB taxonomy, before submitting the report in DLR. Therefore, the number of resubmission requests are expected to remain limited.

     

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    Keywords: Europe, Netherlands, Banking, CCyB, Regulatory Capital, Reporting, Validation Rules, DLR, SRB Taxonomy, Resolution Framework, Basel, CRD, DNB, EBA

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