DNB issued the banking newsletter for February 2018. The key focus of this month’s issue included DNB banking seminar. The issue also focuses on the treatment of strategic risk in the Internal Capital Adequacy Assessment Process (ICAAP). DNB uses the EBA guidelines for ICAAP and Internal Liquidity Adequacy Assessment Process (ILAAP) when drawing up the Supervisory Review and Evaluation Process (SREP) for medium-size and small banks.
The other focus areas of the newsletter include the following:
- Review of the recovery plans for medium and small banks
- Application of proportionality in resolution planning.
- Recent developments about the introduction of the second Payment Services Directive (PSD2)
- Update on the survey on preparation of the fourth anti-money laundering directive
- Changes in banking supervision reports
- Financial Action Task Force (FATF) warning lists with countries that have shortcomings in their system for combating money laundering and terrorist financing
- Updated Survey/QIS calendar for banks
Keywords: Europe, Netherlands, Banking, Newsletter, ICAAP, ILAAP, SREP, PSD2, Proportionality, QIS Calendar, DNB
EIOPA submitted—to the European Parliament, the Council of the European Union, and EC—its 2020, fifth, and last annual report on long-term guarantee measures and measures on equity risk.
The BIS Innovation Hub Swiss Centre, SNB, and the financial infrastructure operator SIX announced the successful completion of a joint proof-of-concept (PoC) experiment as part of the Project Helvetia.
EBA published the final draft regulatory technical standards for calculation of own funds requirements for market risk, under the standardized and internal model approaches of the Fundamental Review of the Trading Book (FRTB) framework.
EIOPA published discussion paper on a methodology for the potential inclusion of climate change in the Solvency II (sometimes also written as SII) standard formula when calculating natural catastrophe underwriting risk.
EU published, in the Official Journal of the European Union, corrigenda to the Directive and the Regulation on the prudential requirements and supervision of investment firms.
MAS proposed amendments to certain regulations, notices, and guidelines arising from the Banking (Amendment) Act 2020.
PRA published a statement that explains when to expect further information on the PRA approach to transposing the Capital Requirements Directive (CRD5), including its approach to revisions to the definition of capital for Pillar 2A.
RBNZ launched consultations on the scope of the Insurance Prudential Supervision Act (IPSA) 2010 and on the associated Insurance Solvency Standards.
SRB published the work program for 2021-2023, setting out a roadmap to further operationalize the Single Resolution Fund and to achieve robust resolvability of banks under its remit over the next three years.
EIOPA is consulting on the relevant ratios to be mandatorily disclosed by insurers and reinsurers falling within the scope of the Non-Financial Reporting Directive as well as on the methodologies to build these ratios.