Featured Product

    DNB Publishes Several Regulatory Updates for Banks in March 2021

    March 30, 2021

    DNB decided to leave the countercyclical capital buffer (CCyB) for banks to be unchanged at 0% for this quarter. Although DNB intends to build up CCyB eventually, the activation of CCyB is not expected before the end of 2021. DNB also published its first report on financial climate-related risks and opportunities in accordance with the recommendations from Task Force on Climate-related Financial Disclosures (TCFD). The report discloses the steps taken to identify and mitigate climate-related risks in DNB's areas of responsibility, including asset and liability management, supervision of the financial sector, economic advice, and statistics. In addition to this, DNB published several reporting updates, along with a list of additional data requests for banks. The updated data requests, which have been highlighted with the word "UPDATE" in red, include semi-recurring as well as ad hoc data requests to banks from DNB and European agencies.

    The key reporting updates include the following:

    • One of the additional data requests requires less significant institutions to submit an updated recovery plan by March 31, 2021, in accordance with the revised Bank Recovery and Resolution Directive (BRRD) as transposed into Dutch law. 
    • The Integrity Risk Questionnaire reporting obligation for anti-money laundering and countering the financing of terrorism (AML/CFT) is available in Digital Reporting Portal or DLR, as of March 31, 2021, with the reporting deadline of May 27, 2021.
    • Financial Market Infrastructure (FMI), Critical Functions Report CFR), and the Commission Implementing Regulation (CIR) reporting obligations are now available in DLR, as of March 16, 2021, with the reporting deadline of April 16, 2021.
    • A new version of the frequently asked questions (FAQs), drawn by ECB, on the COVID-19 data request has been published.

     

    Related Links

    Keywords: Europe, Netherlands, Banking, CCyB, Reporting, DLR, Basel, BRRD, Digital Reporting Portal, AML/CFT, Resolution Framework, Regulatory Capital, DNB

    Featured Experts
    Related Articles
    News

    EC Rule on Contractual Recognition of Write Down and Conversion Powers

    The European Commission (EC) published the Delegated Regulation 2021/1527 with regard to the regulatory technical standards for the contractual recognition of write down and conversion powers.

    September 17, 2021 WebPage Regulatory News
    News

    ECB to Consider Climate Risks When Reviewing Collateral Framework

    In a response to the questions posed by a member of the European Parliament, the President Christine Lagarde highlighted the commitment of the European Central Bank (ECB) to an ambitious climate-related action plan along with a roadmap, which was published in July 2021.

    September 17, 2021 WebPage Regulatory News
    News

    SRB Provides Update on Approach to Prior Permissions Regime

    The Single Resolution Board (SRB) published a Communication on the application of regulatory technical standard provisions on prior permission for reducing eligible liabilities instruments as of January 01, 2022.

    September 16, 2021 WebPage Regulatory News
    News

    APRA Issues Further Guidance on Application of Securitization Standard

    The Australian Prudential Regulation Authority (APRA) published a new set of frequently asked questions (FAQs) to provide guidance to authorized deposit-taking institutions on the interpretation of APS 120, the prudential standard on securitization.

    September 16, 2021 WebPage Regulatory News
    News

    ACPR Publishes Corrective Version of RUBA Taxonomy

    The French Prudential Control and Resolution Authority (ACPR) published the corrective version of the RUBA taxonomy Version 1.0.1, which will come into force from the decree of January 31, 2022.

    September 15, 2021 WebPage Regulatory News
    News

    Nordea Bank and EIB Sign Agreement to Fund Green Projects in Nordics

    The European Commission (EC) announced that Nordea Bank has signed a guarantee agreement with the European Investment Bank (EIB) Group to support the sustainable transformation of businesses in the Nordics.

    September 15, 2021 WebPage Regulatory News
    News

    APRA Publishes FAQs on Capital Treatment of Overseas Subsidiaries

    The Australian Prudential Regulation Authority (APRA) published a new set of frequently asked questions (FAQs) to clarify the regulatory capital treatment of investments in the overseas deposit-taking and insurance subsidiaries.

    September 15, 2021 WebPage Regulatory News
    News

    EBA Finalizes Guidance to Assess Breaches of Large Exposure Limits

    The European Banking Authority (EBA) published the final report on the guidelines specifying the criteria to assess the exceptional cases when institutions exceed the large exposure limits and the time and measures needed for institutions to return to compliance.

    September 15, 2021 WebPage Regulatory News
    News

    PRA Finalizes Changes to Consolidated Prudential Rules Under CRD5/CRR2

    The Prudential Regulation Authority (PRA) issued the policy statement PS20/21, which contains final rules for the application of existing consolidated prudential requirements to financial holding companies and mixed financial holding companies.

    September 15, 2021 WebPage Regulatory News
    News

    EBA Revises Guidelines on Stress Tests of Deposit Guarantee Schemes

    The European Banking Authority (EBA) revised the guidelines on stress tests to be conducted by the national deposit guarantee schemes under the Deposit Guarantee Schemes Directive (DGSD).

    September 15, 2021 WebPage Regulatory News
    RESULTS 1 - 10 OF 7483