DNB issued the banking and insurance newsletters for May 2019. The newsletters highlight that Central Banks and Supervisors Network for Greening the Financial System (NGFS) published a “Call for Action” with six concrete recommendations on making the financial system more sustainable. The key recommendations are related to integrating climate-related risks into financial stability monitoring and micro-supervision, building awareness and encouraging technical assistance and knowledge-sharing, supporting the development of a taxonomy of economic activities, and achieving robust and internationally consistent climate and environment-related disclosures.
The the newsletters include:
- Update on the questions and answers (Q&A) on “DNB Assessment framework for Information security for DNB research” and made it more accessible to administrators and policymakers.
- Update on the recent relevant publications by ECB, EBA, EC, and other international forums.
- Good practices for intra-group agreements and positions of insurers.
- Update on a study, among ten medium-size insurers, into the management of operational and IT risks. The study shows that insurers can implement the application of EIOPA's guidelines on risk management more emphatically in that regard.
- Update on the calendar for banks.
Keywords: Europe, Netherlands, Banking, Insurance, Newsletter, QIS Calender, Q&A, Climate-Related Financial Risk, Sustainable Finance, DNB
APRA announced the standardization of quarterly reporting due dates for authorized deposit-taking institutions.
Bundesbank published a list of "EntryPoints" that are accepted in its reporting system; the list provides taxonomy version and name of the module against each EntryPoint.
The private sector working group of ECB on euro risk-free rates published the recommendations to address events that would trigger fallbacks in the Euro Interbank Offered Rate (EURIBOR)-related contracts, along with the €STR-based EURIBOR fallback rates (rates that could be used if a fallback is triggered).
EBA published the phase 1 of its reporting framework 3.1, with the technical package covering the new reporting requirements for investment firms (under the implementing technical standards on investment firms reporting).
Asia Pacific Australia Banking APS 111 Capital Adequacy Regulatory Capital Basel RBNZ APRA
ESMA published the final guidelines on outsourcing to cloud service providers.
EBA published annual data for two key concepts and indicators in the Deposit Guarantee Schemes (DGS) Directive—available financial means and covered deposits.
OSFI has set out the schedule for release of draft guidance on the management of technology risks by federally regulated financial institutions and private pension plans.
MAS updated rules for new housing loans by banks and finance companies.
HKMA published a statement on the 100% Personal Loan Guarantee Scheme and a guideline on the Green and Sustainable Finance Grant Scheme (GSF Grant Scheme) as announced in the 2021-22 Budget.