Featured Product

    DNB Sets Out Reporting Updates and Policy Actions on Climate Risk

    November 29, 2021

    DNB, the central bank of Netherlands, published an updated list of the additional data requests for banks. The updated and new data requests, which have been highlighted with the word "UPDATE" or “NEW” in red, include semi-recurring as well as ad hoc data requests to banks from DNB and European agencies. DNB also published draft questions and answers (Q&A) on compliance with the Sanctions Act for the screening of relationships by crypto service providers. In the draft Q&A, DNB further explains the meaning of the term "relationship" and the measures that institutions must take to check whether individuals or legal entities are subject to sanctions. DNB is requesting feedback on the draft Q&A by December 17, 2021.

    Additionally, on the occasion of the 2021 United Nations Climate Change Conference (COP26), DNB pledged to contribute, within its mandate, to decisive policy action to implement the Paris Agreement and mitigate the consequences of climate change. The pledge complements the Glasgow Declaration of the Network for Greening the Financial System or NGFS. DNB pledged that, in 2022, it will:

    • Develop an assessment framework that enables to better assess climate related risks at the institutions under its supervision, address these risks and use enforcement measures if needed
    • Assess if and how the CO2 emissions of the payment systems can be further reduced to work toward alignment with the Paris objectives
    • Work together with Dutch market infrastructure parties on best practices for climate-related risk management
    • Take steps, in the context of, and consistent with the Eurosystem, to include climate change considerations in the monetary policy framework
    • Explore how climate-related risks can be integrated into our macro-economic models
    • Use simulation tooling to calculate the direct impact of carbon pricing at sectoral level
    • Continue to advise the Dutch government on appropriate economic and financial policies to adapt to and mitigate climate change
    • Take further steps to align the carbon footprint of the DNB investment portfolio with the Paris Agreement


    Related Links

    Keywords: Europe, Netherlands, Banking, Securities, Reporting, Q&A, Sanctions Act, Crypto Service Providers, Cryptocurrency, Climate Change Risk, ESG, Paris Agreement, NGFS, DNB

    Featured Experts
    Related Articles

    ESAs Issue Multiple Regulatory Updates for Financial Sector Entities

    The three European Supervisory Authorities (ESAs) issued a letter to inform about delay in the Sustainable Finance Disclosure Regulation (SFDR) mandate, along with a Call for Evidence on greenwashing practices.

    November 15, 2022 WebPage Regulatory News

    FSB and NGFS Publish Initial Findings from Climate Scenario Analyses

    The Financial Stability Board (FSB) and the Network for Greening the Financial System (NGFS) published a joint report that outlines the initial findings from climate scenario analyses undertaken by financial authorities to assess climate-related financial risks.

    November 15, 2022 WebPage Regulatory News

    FSB Issues Reports on NBFI and Liquidity in Government Bonds

    The Financial Stability Board (FSB) published a letter intended for the G20 leaders, highlighting the work that it will undertake under the Indian G20 Presidency in 2023 to strengthen resilience of the financial system.

    November 14, 2022 WebPage Regulatory News

    ISSB Makes Announcements at COP27; IASB to Propose IFRS 9 Amendments

    The International Sustainability Standards Board (ISSB) of the IFRS Foundations made several announcements at COP27 and with respect to its work on the sustainability standards.

    November 10, 2022 WebPage Regulatory News

    IOSCO Prioritizes Green Disclosures, Greenwashing, and Carbon Markets

    The International Organization for Securities Commissions (IOSCO), at COP27, outlined the regulatory priorities for sustainability disclosures, mitigation of greenwashing, and promotion of integrity in carbon markets.

    November 09, 2022 WebPage Regulatory News

    EBA Finalizes Methodology for Stress Tests, Issues Other Updates

    The European Banking Authority (EBA) issued a statement in the context of COP27, clarified the operationalization of intermediate EU parent undertakings (IPUs) of third-country groups

    November 09, 2022 WebPage Regulatory News

    EU Finalizes Rules Under Crowdfunding Service Providers Regulation

    The European Union has finalized and published, in the Official Journal of the European Union, a set of 13 Delegated and Implementing Regulations applicable to the European crowdfunding service providers.

    November 08, 2022 WebPage Regulatory News

    OSFI Sets Out Work Priorities and Reporting Updates for Banks

    The Office of the Superintendent of Financial Institutions (OSFI) published an annual report on its activities, a report on forward-looking work.

    November 07, 2022 WebPage Regulatory News

    APRA Finalizes Changes to Capital Framework, Issues Other Updates

    The Australian Prudential Regulation Authority (APRA) finalized amendments to the capital framework, announced a review of the prudential framework for groups.

    November 03, 2022 WebPage Regulatory News

    BIS Hub and Central Banks Conduct CBDC and DeFI Pilots

    The Bank for International Settlements (BIS) Innovation Hubs and several central banks are working together on various central bank digital currency (CBDC) pilots.

    November 03, 2022 WebPage Regulatory News
    RESULTS 1 - 10 OF 8596