DNB issued a consultation on amendment to the Capital Requirements Directive and Regulation (CRD IV and CRR) 2019 Specific Provisions Regulation in connection with the systemic risk buffer. DNB is committed to continuing to guarantee the stability of the financial sector amid COVID-19 outbreak. Against this background, on March 17, DNB decided to reduce its systemic risk buffer requirement. The CRD IV and CRR 2019 Specific Provisions Regulation has been amended to allow the announced adjustment of the systemic risk buffer. The consultation was open until April 06, 2020. This amended regulation shall be cited as amended adoption of the 2020 systemic risk buffer. The amended regulation shall enter into force on the day after its publication in the Gazette.
Related Links (in Dutch)
Keywords: Europe, Netherlands, Banking, Systemic Risk Buffer, Systemic Risk, CRD IV, CRR, Specific Provisions Regulation, COVID-19, Regulatory Capital, DNB
Previous ArticleAPRA Announces Policy Measures in Response to Impact of COVID-19
The European Banking Authority (EBA) published four draft principles to support supervisory efforts in assessing the representativeness of COVID-19-impacted data for banks using the internal ratings based (IRB) credit risk models.
The European Council and the European Parliament (EP) reached a provisional political agreement on the Corporate Sustainability Reporting Directive (CSRD).
The Prudential Regulation Authority (PRA) launched a consultation (CP6/22) that sets out proposal for a new Supervisory Statement on expectations for management of model risk by banks.
The European Commission (EC) published the Delegated Regulation 2022/954, which amends regulatory technical standards on specification of the calculation of specific and general credit risk adjustments.
The Bank for International Settlements (BIS) Innovation Hub updated its work program, announcing a set of projects across various centers.
The European Insurance and Occupational Pensions Authority (EIOPA) published two consultation papers—one on the supervisory statement on exclusions related to systemic events and the other on the supervisory statement on the management of non-affirmative cyber exposures.
Certain members of the U.S. Senate Committee on Banking, Housing, and Urban Affairs issued a letter to the Securities and Exchange Commission (SEC)
The European Insurance and Occupational Pensions Authority (EIOPA) published a consultation paper on the advice on the review of the securitization prudential framework in Solvency II.
The Prudential Regulation Authority (PRA) issued a statement on PRA buffer adjustment while the Bank of England (BoE) published a notice on the statistical reporting requirements for banks.
The Basel Committee on Banking Supervision (BCBS) issued principles for the effective management and supervision of climate-related financial risks.