DNB published several reporting updates, along with an updated the list of additional data requests for banks. The updated and new data requests, which have been highlighted with the words "NEW" or "UPDATE" in red, include semi-recurring as well as ad hoc data requests to banks from DNB and European agencies.
The key reporting updates are as follows:
- DNB notified that Version 1.3 of reporting templates should be used for ECB COVID-19 reporting with reference date September 30, 2020. However, for resubmissions of reference date June 30, 2020, Version 1.2 of the reporting template is to be used. While for resubmissions of reference dates March 31, 2020 and May 30, 2020, version 1.1 of the reporting templates are to be used. In Version 1.3 of the ECB templates, the EBA part has been removed. As of reference date September 30, 2020, this EBA part should only be reported via XBRL (DPM 2:10). The frequency of this EBA template was, and will remain, monthly. The reporting deadline of this EBA template is same as the reporting deadline of the monthly ECB templates submissions.
- DNB notified that ECB has published new templates, along with the updated corresponding instructions, for the 2020 fee factors on the ECB Banking Supervision website. ECB has created two templates regarding the Total Risk Exposure (TRE) and Total Assets (TA). These templates must be submitted by November 11, 2020. The reporting obligation will be available in Digital Reporting Portal or DLR from October 30, 2020. The majority of fee debtors are not required to submit separate templates for the collection of fee factors, as ECB will reuse financial reporting (FINREP) and common reporting (COREP) supervisory data reported via national competent authorities.
- DNB released a new version of frequently asked questions (FAQs) prepared by ECB on the COVID-19 data request.
- Notification on ECB Templates for COVID-19 Reporting
- Notification on ECB Templates for Supervisory Fees
- ECB Overview on Fee Factors
- Notification on FAQs on COVID-19 Data
- Overview of Additional Data Requests
Keywords: Europe, Netherlands, Banking, Reporting, Digital Reporting Portal, COVID-19, FAQ, COREP, FINREP, XBRL, ECB, EBA, DNB
Scott is a Director in the Regulatory and Accounting Solutions team responsible for providing accounting expertise across solutions, products, and services offered by Moody’s Analytics in the US. He has over 15 years of experience leading auditing, consulting and accounting policy initiatives for financial institutions.
Next ArticleSRB Sets Out Work Program for 2021-2023
The European Banking Authority (EBA) has published the final templates, and the associated guidance, for collecting climate-related data for the one-off Fit-for-55 climate risk scenario analysis.
The European Banking Authority (EBA) recently published a report that recommends enhancements to the Pillar 1 framework, under the prudential rules, to capture environmental and social risks.
As a follow on from its prudential standard on the treatment of crypto-asset exposures, the Basel Committee on Banking Supervision (BCBS) proposed disclosure requirements for crypto-asset exposures of banks.
The Basel Committee on Banking Supervision (BCBS) and the European Banking Authority (EBA) have published results of the Basel III monitoring exercise.
The Prudential Regulation Authority (PRA) recently issued a few regulatory updates for banks, with the updated Basel implementation timelines being the key among them.
The U.S. Department of the Treasury has recently set out the principles for net-zero financing and investment.
The European Commission (EC) launched a stakeholder survey on the draft International Guiding Principles for organizations developing advanced artificial intelligence (AI) systems.
The finalization of the two sustainability disclosure standards—IFRS S1 and IFRS S2—is expected to be a significant step forward in the harmonization of sustainability disclosures worldwide.
Decentralized finance (DeFi) is expected to increase in prominence, finding traction in use cases such as lending, trading, and investing, without the intermediation of traditional financial institutions.
The Basel Committee on Banking Supervision (BCBS) published reports that assessed the overall implementation of the net stable funding ratio (NSFR) and the large exposures rules in the U.S.