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

    US Agencies Issue Several Regulatory and Reporting Updates

    The Board of Governors of the Federal Reserve System (FED) adopted the final rule on Adjustable Interest Rate (LIBOR) Act.

    January 04, 2023 WebPage Regulatory News
    News

    ECB Issues Multiple Reports and Regulatory Updates for Banks

    The European Central Bank (ECB) published an updated list of supervised entities, a report on the supervision of less significant institutions (LSIs), a statement on macro-prudential policy.

    January 01, 2023 WebPage Regulatory News
    News

    HKMA Keeps List of D-SIBs Unchanged, Makes Other Announcements

    The Hong Kong Monetary Authority (HKMA) published a circular on the prudential treatment of crypto-asset exposures, an update on the status of transition to new interest rate benchmarks.

    December 30, 2022 WebPage Regulatory News
    News

    EU Issues FAQs on Taxonomy Regulation, Rules Under CRD, FICOD and SFDR

    The European Commission (EC) adopted the standards addressing supervisory reporting of risk concentrations and intra-group transactions, benchmarking of internal approaches, and authorization of credit institutions.

    December 29, 2022 WebPage Regulatory News
    News

    CBIRC Revises Measures on Corporate Governance Supervision

    The China Banking and Insurance Regulatory Commission (CBIRC) issued rules to manage the risk of off-balance sheet business of commercial banks and rules on corporate governance of financial institutions.

    December 29, 2022 WebPage Regulatory News
    News

    HKMA Publications Address Sustainability Issues in Financial Sector

    The Hong Kong Monetary Authority (HKMA) made announcements to address sustainability issues in the financial sector.

    December 23, 2022 WebPage Regulatory News
    News

    EBA Updates Address Basel and NPL Requirements for Banks

    The European Banking Authority (EBA) published regulatory standards on identification of a group of connected clients (GCC) as well as updated the lists of identified financial conglomerates.

    December 22, 2022 WebPage Regulatory News
    News

    ESMA Publishes 2022 ESEF XBRL Taxonomy and Conformance Suite

    The General Board of the European Systemic Risk Board (ESRB), at its December meeting, issued an updated risk assessment via the quarterly risk dashboard and held discussions on key policy priorities to address the systemic risks in the European Union.

    December 22, 2022 WebPage Regulatory News
    News

    FCA Sets up ESG Committee, Imposes Penalties, and Issues Other Updates

    The Financial Conduct Authority (FCA) is seeking comments, until December 21, 2022, on the draft guidance for firms to support existing mortgage borrowers.

    December 20, 2022 WebPage Regulatory News
    News

    FSB Reports Assess NBFI Sector and Progress on LIBOR Transition

    The Financial Stability Board (FSB) published a report that assesses progress on the transition from the Interbank Offered Rates, or IBORs, to overnight risk-free rates as well as a report that assesses global trends in the non-bank financial intermediation (NBFI) sector.

    December 20, 2022 WebPage Regulatory News
    RESULTS 1 - 10 OF 8697