News in brief

Datum 30 april 2019

With news about the publication of the 2019 Resolution Compendium and the preparations for Brexit


2019 Resolution Compendium

We have published a new version of our Resolution Compendium.

The Compendium provides information about the resolution regime for banks, the deposit guarantee scheme (DGS), the resolution planning process and the resolution and DGS funds.

It also presents an overview of the priorities and regular interactions scheduled for 2019 between DNB and the Single Resolution Board and financial institutions. After all, close cooperation is the key to resolution planning. The Resolution Compendium is updated every year and you can find it on our website.

Preparations for Brexit

On 10 April 2019, the European Council decided to extend the Brexit deadline to 31 October 2019. It also decided that the United Kingdom is obliged to hold elections to the European Parliament if it has not ratified the withdrawal agreement by 22 May 2019. If the United Kingdom fails to live up to this obligation, the withdrawal will take place on 1 June 2019. The transitional period until end 2020 that the EU and the UK agreed on earlier, and that enters into effect following the ratification of the agreement, has not been changed.

The extension grants the United Kingdom more time to reach a withdrawal agreement with the European Union. This means the risk of a no-deal Brexit is postponed rather than eliminated. Banks must continue to keep this in mind in their preparations for Brexit. Moreover, several laws and regulations announced by the European Commission and the Dutch Ministry of Finance in the event of a no-deal Brexit will be of a temporary nature, just like the transitional period in the event of a deal.Banks must continue to implement measures anticipating the expiration of temporary laws and regulations.

Relevant international publications and calendar