DNB Corrects an Error in Instructions for IRRBB Reporting by Banks

By Regulatory News

September 05, 2019

Basel III, Regulatory Reporting: US

DNB is informing banks about an error in the explanatory notes to the quarterly report on the interest rate risk in the banking book (IRRBB). In the notes, it had been erroneously stated that all amounts must be reported in thousands of euros. All amounts must be reported in units starting from the reference period of June 2019. The revised explanation will more clearly state that the reporting of percentages must be done in decimal places. For example, 11.25% must reported as 0.1125 and 150% as 1.50. This way of reporting is already common in the other XBRL reports.

The submission of the report on IRRBB will take place via Digital Reporting Portal (Digitaal Loket Rapportages or DLR). The current incorrect explanation, as available via Open Book Supervision, will be adjusted in short term in accordance with the above-described reporting instructions. The incorrect reporting instruction may result in a bank being requested to submit a re-report for the interest rate risk. This solely concerns the report with reference period June 2019 and only the banks that have submitted this report in thousands of euros.

Related Link: Notification

Keywords: Europe, Netherlands, Banking, Reporting, Digital Reporting Portal, IRRBB, Interest Rate Risk, DNB

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