DNB Issues Taxonomy for BIS Consolidated Banking Statistics
DNB published version 2.0.0 of taxonomy for “BIS Consolidated Banking Statistics (BISCBS)," also known as the DNB 8023 country risk report. This new version of the taxonomy aligns with the update of the DNB reporting guidelines for country risk reporting. This taxonomy contains one entry point available for filing. The reporting period and deadlines are not affected by the introduction of this new reporting format. Banks must use version 2.0.0 to submit their country risk report effective from the fourth quarter of 2020 reference period. The submission deadline for this reference period is February 25, 2021. DNB will publish a new user manual for this by mid-July 2020. DNB also notified that the "interest benchmark transition reporting obligation" is available, for selected banks, in the Digital Reporting Portal or DLR, as of July 01, 2020. The deadline for submission is August 18, 2020.
The main change in the taxonomy version 2.0.0 for country risk report concerns the introduction of additional columns to allow further break-down of claims on an immediate basis. The taxonomy includes the following documents:
- Release notes for version 2.0.0
- Excel workbook with the taxonomy content, data points, hierarchies, (current) assertions, and annotated templates of the forms
- Excel workbook with the data dictionary
- XBRL reporting framework, version 2.0.0 (as a taxonomy package)
- Reporting framework, specific dictionary (as a taxonomy package)
- Zip file with a sample XBRL instance for each entrypoint
In June 2020, the Netherlands Authority for the Financial Markets (AFM) and DNB launched a request from institutions to gather information on the status of the transition to alternative interest rate benchmarks. From July 01, a selection of insurers, pension funds, investment institutions, and banks (that are not under the direct supervision of ECB) will participate in the semi-annual call for "tenders." The last intended "tender" will be in January 2022. The information requested consists of data on relevant financial instruments and products. In addition, various questions have been included about the progress and obstacles in the transition. The data request should be completed on a best effort basis, for positions on June 30, 2020.
Related Links (in Dutch and English)
- Notification on Country Risk Report
- Notification on Benchmark Transition Reporting
- Taxonomy for Country Risk Report (ZIP)
- Request for Monitoring Transition
Keywords: Europe, Netherlands, Banking, Digital Reporting Portal, Taxonomy, XBRL, Interest Rate Benchmark, Risk-Free Rates, IBOR, Transition, 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.
David Fihrer
Skilled life insurance actuary; subject matter expert on IFRS 17 and source of earnings
Previous Article
DFSA Withdraws License of Gefion InsuranceRelated Articles
HKMA Sets Out Regulatory Treatment for Personal Loan Guarantee Scheme
HKMA has published a circular that sets out the regulatory and reporting treatment for loans that participating authorized institutions may grant to eligible borrowers under the 100% Personal Loan Guarantee Scheme.
ECB Completes Targeted Review of Internal Models of Banks
ECB published the results of the assessment of internal models that banks use to calculate risk-weighted assets for credit, market, and counterparty credit risks.
PRA on Regulatory Treatment of Loans Under Mortgage Guarantee Scheme
PRA published a statement on the regulatory treatment of retail residential mortgage loans under the Mortgage Guarantee Scheme, or MGS.
FCA Consults on Rules and Reporting Forms for Investment Firms Regime
FCA is consulting, via CP21/7, on the second phase of proposed rules to introduce the UK Investment Firm Prudential Regime (IFPR).
HMT and BoE Decide to Explore Central Bank Digital Currency in UK
HM Treasury and BoE announced the joint creation of a Central Bank Digital Currency (CBDC) Taskforce to coordinate the exploration of a potential central bank digital currency in UK.
EIOPA Sets Out Expectations on Use of Climate Risk Scenarios in ORSA
EIOPA published an opinion to set out its expectations on the supervision of the integration of climate change risk scenarios by insurers in their Own Risk and Solvency Assessment (ORSA).
EC Sets Out Standards for MREL Reporting by Competent Authorities
EC published the Implementing Regulation 2021/622 that lays down implementing technical standards for reporting of the minimum requirement for own funds and eligible liabilities (MREL).
BCBS to Advance Work on Suptech, Climate Risk, and Basel Monitoring
BCBS has set out the strategic work priorities, as part of its the work program for 2021-22.
Bundesbank Updates AnaCredit Reporting Requirements
Bundesbank published two circulars on AnaCredit reporting requirements. Circular 27/2021 covers changes to the reporting of branches, additional attributes to be reported for investment funds from August 01, 2021, and updates to the list of international organizations.
PRA Finalizes Supervisory Approach for Non-Systemic Banks in UK
PRA published the policy statement PS8/21, which contains the final supervisory statement SS3/21 on the PRA approach to supervision of the new and growing non-systemic banks in UK.
