DNB released information that the initial market values (IMV) benchmarking report is available on Digital Reporting Portal (Digitaal Loket Rapportages – DLR). The reporting deadline is October 05, 2018. In June 2018, EBA had published the updated implementing technical standards, which amend the Commission Implementing Regulation (EU) 2016/2070 on the benchmarking of internal models.
Currently, banks submit their reports using the e-Line DNB reporting portal. DNB will gradually phase out this portal and replace it with a new DLR system. The new system will be phased in for the different types of reports. The Capital Requirements Directive (CRD) IV reports will be the first to be submitted (in XBRL format) through the DLR, while submission of other types of reports will continue to be requested through e-Line DNB.
Keywords: Europe, Netherlands, Banking, Reporting, IMV Benchmarking Report, Digital Reporting Portal, e-line Reporting Portal, 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.
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