DNB issued the banking and insurance newsletters for March 2019. The banking newsletter informs that banks must use a renewed form in Digital Reporting Portal (Digitaal Loket Rapportages or DLR) as of June 30, 2019 for their quarterly reporting of interest rate risk to DNB. Additionally, the banking newsletter highlights that DNB organized its fourth Banking Seminar on March 11, 2019. The key topics covered in the seminar include digitization, risk management, and the resilience of the Banking Union.
The following are the additional key highlights of the newsletters:
- Update on the research conducted by DNB in the field of information security in 2018
- DNB will conduct follow-up research in 2019 to arrive at a supervisory approach that is in line with the possibilities and risks of insurtech
- Publication of a brochure about supervision of small and medium-size banks
- Recent relevant publications by ECB, EBA, EC, and other international forums
- Updated calendars for banks and insurers
- Banking Newsletter (in Dutch)
- Insurance Newsletter (in Dutch)
- Banking Calendar (PDF in English)
- Insurance Calendar (PDF in Dutch)
Keywords: Europe, Netherlands, Banking, Insurance, Newsletter, QIS Calender, IRRBB, Reporting, DNB
MAS and Temasek jointly released a report to mark the successful conclusion of the fifth and final phase of Project Ubin, which focused on building a blockchain-based multi-currency payments network prototype.
EBA published phase 2 of the technical package on the reporting framework 2.10, providing the technical tools and specifications for implementation of EBA reporting requirements.
APRA updated the lists of the Direct to APRA (D2A) validation rules for authorized deposit-taking institutions, insurers, and superannuation entities.
PRA updated the statement that provides guidance to regulated firms on implementation of the EBA guidelines on reporting and disclosure of exposures subject to measures applied in response to the COVID-19 crisis.
EBA updated the 2019 list of closely correlated currencies that was originally published in December 2013.
FASB issued a proposed Accounting Standards Update that would grant insurance companies, adversely affected by the COVID-19 pandemic, an additional year to implement the Accounting Standards Update No. 2018-12 on targeted improvements to accounting for long-duration insurance contracts, or LDTI (Topic 944).
APRA updated the regulatory approach for loans subject to repayment deferrals amid the COVID-19 crisis.
BCBS and FSB published a report on supervisory issues associated with benchmark transition.
IAIS published a report on supervisory issues associated with benchmark transition from an insurance perspective.
ESMA updated the reporting manual on the European Single Electronic Format (ESEF).