Featured Product

    DNB Corrects an Error in Instructions for IRRBB Reporting by Banks

    September 05, 2019

    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 LinkNotification

     

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

    Featured Experts
    Related Articles
    News

    EBA Publishes Phase 2 of Technical Package on Reporting Framework 2.10

    EBA published phase 2 of the technical package on the reporting framework 2.10, providing the technical tools and specifications for implementation of EBA reporting requirements.

    July 10, 2020 WebPage Regulatory News
    News

    FASB Proposes to Delay Implementation of Insurance Contracts Standard

    FASB issued a proposed Accounting Standards Update that would grant insurance companies, adversely affected by the COVID-19 pandemic, an additional year to implement the Accounting Standards Update No. 2018-12 on targeted improvements to accounting for long-duration insurance contracts, or LDTI (Topic 944).

    July 09, 2020 WebPage Regulatory News
    News

    APRA Updates Regulatory Approach to Loan Deferrals Amid COVID Crisis

    APRA updated the regulatory approach for loans subject to repayment deferrals amid the COVID-19 crisis.

    July 09, 2020 WebPage Regulatory News
    News

    BCBS and FSB Set Out Recommendations for Benchmark Transition

    BCBS and FSB published a report on supervisory issues associated with benchmark transition.

    July 09, 2020 WebPage Regulatory News
    News

    IAIS Sets Out Recommendations for Benchmark Transition for Insurers

    IAIS published a report on supervisory issues associated with benchmark transition from an insurance perspective.

    July 09, 2020 WebPage Regulatory News
    News

    ESMA Updates Reporting Manual on European Single Electronic Format

    ESMA updated the reporting manual on the European Single Electronic Format (ESEF).

    July 09, 2020 WebPage Regulatory News
    News

    EBA Calls on Resolution Authorities to Consider Impact of COVID Crisis

    EBA published a statement on resolution planning in light of the COVID-19 pandemic.

    July 09, 2020 WebPage Regulatory News
    News

    BCBS Finalizes Revisions to Credit Valuation Adjustment Risk Framework

    BCBS Finalizes Revisions to Credit Valuation Adjustment Risk Framework

    July 08, 2020 WebPage Regulatory News
    News

    ECB Guideline on Materiality Threshold for Credit Obligations Past Due

    ECB published a guideline (2020/97), in the Official Journal of European Union, on the definition of materiality threshold for credit obligations past due for less significant institutions.

    July 08, 2020 WebPage Regulatory News
    News

    FED Temporarily Revises FR Y-14 With Respect to PPP and CARES Act

    FED temporarily revised the capital assessments and stress testing reports (FR Y-14A/Q/M) to implement the changes in response to the COVID-19 pandemic.

    July 08, 2020 WebPage Regulatory News
    RESULTS 1 - 10 OF 5458