DNB Publishes Several Regulatory Updates for Banks in March 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
- News on CCyB
- Report on Climate Risks
- News on Integrity Risk Questionnaire
- News on FMI, CFR and CIR Reporting Obligations
- News on COVID-19 FAQs
- Updated Data Requests for Banks
Keywords: Europe, Netherlands, Banking, CCyB, Reporting, DLR, Basel, BRRD, Digital Reporting Portal, AML/CFT, Resolution Framework, Regulatory Capital, 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.
Patrycja Oleksza
Applies proficiency and knowledge to regulatory capital and reporting analysis and coordinates business and product strategies in the banking technology area
Previous Article
ACPR Issues Update on Reporting by Banks, BDF on BRRD TranspositionRelated Articles
BIS Report Notes Existing Gaps in Climate Risk Data at Central Banks
A Consultative Group on Risk Management (CGRM) at the Bank for International Settlements (BIS) published a report that examines incorporation of climate risks into the international reserve management framework.
EBA Publishes Multiple Regulatory Updates for Regulated Entities
The European Banking Authority (EBA) published the final guidelines on liquidity requirements exemption for investment firms, updated version of its 5.2 filing rules document for supervisory reporting, and Single Rulebook Question and Answer (Q&A) updates in July 2022.
APRA Consults on Prudential Standard for Operational Risk
The Australian Prudential Regulation Authority (APRA) is seeking comments, until October 21, 2022, on the introduction of CPS 230, which is the new cross-industry prudential standard on operational risk management.
EC Amends Rule on Securitizations; ESRB Updates Reciprocation Measures
The European Commission published a Delegated Regulation 2022/1301 on the information to be provided in accordance with the simple, transparent, and standardized (STS) notification requirements for on-balance-sheet synthetic securitizations.
APRA Announces Revisions to Capital Framework for Banks
The Australian Prudential Regulation Authority (APRA) is announced revisions to the capital framework for authorized deposit-taking institutions to implement the "unquestionably strong" capital ratios and the Basel III reforms.
EBA Examines Remuneration Data and Use of Large Exposure Exemptions
The European Banking Authority (EBA) published a report that examines the use of certain exemptions included in the large exposures regime under the Capital Requirements Regulation (CRR).
UK Authorities Publish Discussion Paper on Critical Third Parties
The Bank of England (BoE), the Prudential Regulation Authority (PRA), and the Financial Conduct Authority (FCA) published a joint discussion paper that sets out potential measures to oversee and strengthen the resilience of services provided by critical third parties to the financial sector in UK.
BoE Issues Update on Ongoing Data Transformation Program
The Bank of England (BoE) issued a communication to firms to provide an update on the progress of the joint data transformation program—which is being led by BoE, the Financial Conduct Authority (FCA), and the industry—for the financial sector in UK.
EBA Issues Draft Methodology and Templates for 2023 Stress Tests
The European Banking Authority (EBA) published the draft methodology, templates, and template guidance for the European Union-wide stress test in 2023.
EBA Issues SREP Guidelines and Standards for Investment Firms
The European Banking Authority (EBA) and the European Securities and Markets Authority (ESMA) jointly published the final guidelines on common procedures and methodologies for the supervisory review and evaluation process (SREP) for investment firms.
