DNB Publishes Banking and Insurance Newsletters for June 2018
DNB issued the banking and insurance newsletters for June 2018. The newsletters for this month highlight the interview with Paul Hilbers, division director of financial stability at DNB, in which he mentions that DNB expects banks to prepare for the Brexit. The banking newsletter also highlights that DNB is inviting banks to take part in EBA data request to assess the impact of the Basel 3.5 agreement. Additionally, the newsletters include updated calendars for banks and insurers.
The newsletters contain an update on the analysis of the impact of IFRS 9 by DNB and highlight that the interested parties can submit a draft license application to DNB for a license for the provision of payment services under Payment Services Directive (PSD 2), from July 06, 2018. The newsletter highlights that the fees for the costs of supervision and resolution of banks have decreased since 2017; however, insurers and health insurers will face an increase in the variable rate for supervision in 2018. News updates related to the new guidelines for interest rate risk, the guidance for improvement of quality reporting related to Liquidity Coverage Ratio Delegated Act (LCR DA), and the good practices on management of risks of outsourcing also feature in the newsletters.
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Keywords: Europe, Netherlands, Banking, Insurance, Newsletter, IFRS 9, Basel, DNB
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