DNB Issues Several Reporting Updates for Banks in February 2021
DNB published several reporting updates, along with an updated list of additional data requests for banks. The updated data requests, which have been highlighted with the word "UPDATE" in red, include semi-recurring as well as ad hoc data requests to banks from DNB and European agencies. The updates include additional data quality checks for the first quarter of 2021 (run from April 01, 2021) for reporting by banks. Another key development relates to the DNB announcement that the Liability Data Report (LDR) reporting obligation has been made available in the Digital Reporting Portal or DLR, as of February 17, 2021, with the reporting deadline of March 17, 2021.
Additional key reporting updates are as follows:
- A new version of the file "Required templates and filing indicators" has been made available for reports with reference date of December 2020 and onward; the file contains changes on which ECB and EBA have jointly agreed. If already submitted reports do not meet the requirements, DNB will ask for re-submissions.
- Banks are being requested to submit the annual Remuneration Report only in XBRL format, as of the reference date December 31, 2020. DNB shall not accept reports submitted in Excel format. EBA is soon going to release a new taxonomy version for the Remuneration report and banks are requested to wait for this publication from EBA (version REM 1.0.1) before submitting the report. DNB will communicate when EBA publishes this new taxonomy version, which is expected at the end of first quarter of 2021. However, the usual reporting deadline remains unchanged and will be maintained as June 30, 2021.
- The second Payment Services Directive (PSD2) Fraud Reporting shall be reported in Excel format on the basis of an adjusted template version 1.4 (communicated on DLR in November 2020). The deadline to submit PSD2 Fraud Report (for the reference date December 31, 2020) is March 31, 2021.
- A new version of the frequently asked questions (FAQs), prepared by ECB, on the COVID-19 data request has been made available.
Related Links
- Notification on Additional Data Checks
- Additional Data Quality Checks (XLSX)
- Notification on "Required Templates and Filing Indicators"
- Required Templates and Filing Indicators (XLSX)
- Notification on PSD2 Fraud Reporting and Remuneration Reporting
- Notification on LDR Reporting Obligation
- Notification on FAQs on COVID-19 Data
- Overview of Additional Data Requests
Keywords: Europe, Netherlands, Banking, Reporting, Digital Reporting Portal, COVID-19, FAQ, Remuneration, Data Quality Checks, Liability Data Report, Resolution Framework, PSD2, EBA, ECB, SRB, DNB
Featured Experts
María Cañamero
Skilled market researcher; growth strategist; successful go-to-market campaign developer
Nicolas Degruson
Works with financial institutions, regulatory experts, business analysts, product managers, and software engineers to drive regulatory solutions across the globe.
Victor Calanog, Ph.D.
Leading economist; commercial real estate; performance forecasting, econometric infrastructure; data modeling; credit risk modeling; portfolio assessment; custom commercial real estate analysis; thought leader.
Previous Article
BSP Issues Circular on Reporting Requirements for BanksRelated Articles
UK Authorities Consult on Implementation of Basel 3.1 Standards
The UK authorities have published consultations with respect to the Basel requirements for banks. The Prudential Regulation Authority (PRA) published the consultation paper CP16/22 on rules for the implementation of Basel 3.1 standards.
ESAs Issue Multiple Regulatory Updates for Financial Sector Entities
The three European Supervisory Authorities (ESAs) issued a letter to inform about delay in the Sustainable Finance Disclosure Regulation (SFDR) mandate, along with a Call for Evidence on greenwashing practices.
FSB and NGFS Publish Initial Findings from Climate Scenario Analyses
The Financial Stability Board (FSB) and the Network for Greening the Financial System (NGFS) published a joint report that outlines the initial findings from climate scenario analyses undertaken by financial authorities to assess climate-related financial risks.
FSB Issues Reports on NBFI and Liquidity in Government Bonds
The Financial Stability Board (FSB) published a letter intended for the G20 leaders, highlighting the work that it will undertake under the Indian G20 Presidency in 2023 to strengthen resilience of the financial system.
ISSB Makes Announcements at COP27; IASB to Propose IFRS 9 Amendments
The International Sustainability Standards Board (ISSB) of the IFRS Foundations made several announcements at COP27 and with respect to its work on the sustainability standards.
IOSCO Prioritizes Green Disclosures, Greenwashing, and Carbon Markets
The International Organization for Securities Commissions (IOSCO), at COP27, outlined the regulatory priorities for sustainability disclosures, mitigation of greenwashing, and promotion of integrity in carbon markets.
EBA Finalizes Methodology for Stress Tests, Issues Other Updates
The European Banking Authority (EBA) issued a statement in the context of COP27, clarified the operationalization of intermediate EU parent undertakings (IPUs) of third-country groups
EU Finalizes Rules Under Crowdfunding Service Providers Regulation
The European Union has finalized and published, in the Official Journal of the European Union, a set of 13 Delegated and Implementing Regulations applicable to the European crowdfunding service providers.
OSFI Sets Out Work Priorities and Reporting Updates for Banks
The Office of the Superintendent of Financial Institutions (OSFI) published an annual report on its activities, a report on forward-looking work.
APRA Finalizes Changes to Capital Framework, Issues Other Updates
The Australian Prudential Regulation Authority (APRA) finalized amendments to the capital framework, announced a review of the prudential framework for groups.
