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    DNB Expects First Reporting on COVID-19 Data to Begin in September

    June 08, 2020

    DNB published an overview of the additional data requests, including semi-recurring as well as ad hoc data requests to banks, from DNB and European agencies. In its overview of additional data requests, DNB has indicated that it expects to begin first reporting of COVID-related data, via additional FINREP templates, in September (though final decision not conveyed yet). DNB also published the additional data-quality checks related to reference period June 2020 (run from July 01, 2020).

    Banks will need to submit COVID-related data within the scope of the EBA guidelines on legislative and non-legislative moratoria on loan repayments (EBA/GL/2020/02). The report frequency will be quarterly with the reference date of data from the second quarter of 2020 onward. DNB explains that the goal of this exercise is to investigate the impact of COVID-19. Reporting templates are based on FINREP (Annex V) definitions and instructions. Banks in scope will be contacted by email with instructions.

    Ad-hoc requests will remain listed on the overview of additional data requests for three months after the ultimate reporting date. The following data reports and data requests have been excluded from the overview of additional data requests:

    • All regular reports on the basis of European and national regulations and laws
    • Regular data reports based on the "Regeling Staten" as registered in the WFT
    • Bank-specific requests
    • Other requests such as surveys and qualitative questionnaires

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    Keywords: Europe, EU, Netherlands, Banking, COVID-19, Reporting, Data Quality Checks, FINREP, DNB

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