DNB - News item supervision Mon, 08 Nov 2021 10:17:51 GMT Mon, 25 Mar 2024 12:00:00 GMT https://www.dnb.nl/en/ DNB maintains countercyclical capital buffer at 2% On 31 May 2023, we announced an increase in the countercyclical capital buffer (CCyB) to 2%. Banks with loans outstanding in the Netherlands must comply with this requirement by 31 May 2024. Mon, 25 Mar 2024 12:00:00 GMT https://www.dnb.nl/en/sector-news/supervision-2024/dnb-maintains-countercyclical-capital-buffer-at-2/ Calculating K-COH and K-DTF The European Banking Authority (EBA) recently published a Q&A on the calculation of K-COH, which also pertains to the calculation of K-DTF. Institutions must correctly report K-COH and K-DTF in accordance with these calculations. Mon, 04 Mar 2024 12:00:00 GMT https://www.dnb.nl/en/sector-news/old/supervision-2023/calculating-k-coh-and-k-dtf/ DNB and AFM: recommendations for a strong European Capital Markets Union In view of our continued support for a deeper and more integrated European Capital Markets Union (CMU), De Nederlandsche Bank (DNB) and the Dutch Authority for the Financial Markets (AFM) present next steps to shape the right policies and create a competitive European capital market. Fri, 16 Feb 2024 12:00:00 GMT https://www.dnb.nl/en/sector-news/supervision-2024/dnb-and-afm-recommendations-for-a-strong-european-capital-markets-union/ Dutch pension funds can meet margin calls on derivatives, but depend on functioning money markets In the event of a large, sudden drop in the value of derivatives, Dutch pension funds do not need to resort to an extensive sell-off of assets. They have enough liquidity sources to meet margin calls, which are obligations arising from value changes in their derivatives. Mon, 05 Feb 2024 12:00:00 GMT https://www.dnb.nl/en/sector-news/supervision-2024/dutch-pension-funds-can-meet-margin-calls-on-derivatives-but-depend-on-functioning-money-markets/ DNB appoints new divisional directors Effective 1 March 2024, Aerdt Houben will be our new Director of the European Banks Supervision Division, while Pieter Reinier Maat succeeds him as Director of the Financial Markets Division. Lex van 't Spijker succeeds Pieter Reinier as Director of the National Institutions Supervision Division. Mon, 05 Feb 2024 12:00:00 GMT https://www.dnb.nl/en/sector-news/supervision-2024/dnb-appoints-new-divisional-directors/ Financial institutions: climate-adaptive construction higher on the agenda ‘Ensure clarity on climate-adaptive construction and where (not) to build. Indicate where there is space for agriculture and other economic functions in the Netherlands.’ Thu, 21 Dec 2023 12:00:00 GMT https://www.dnb.nl/en/sector-news/old/supervision-2023/financial-institutions-climate-adaptive-construction-higher-on-the-agenda/ DNB maintains countercyclical capital buffer at 2% - December 2023 On 31 May 2023, we announced an increase in the countercyclical capital buffer (CCyB) to 2%. Accordingly, banks with loans outstanding in the Netherlands must comply with this requirement by 31 May 2024. Thu, 21 Dec 2023 12:00:00 GMT https://www.dnb.nl/en/sector-news/old/supervision-2023/dnb-maintains-countercyclical-capital-buffer-at-2-december-2023/ European Banks Supervision Division Director Thijs van Woerden appointed at the ECB Thijs van Woerden, Director of the European Banks Supervision Division (EUBA), has today been appointed Director General Horizontal Line Supervision at the European Central Bank (ECB). He will start his new position in early 2024. Tue, 12 Dec 2023 12:00:00 GMT https://www.dnb.nl/en/sector-news/old/supervision-2023/european-banks-supervision-division-director-thijs-van-woerden-appointed-at-the-ecb/ Changes in IRRBB reporting banks In the area of Interest Rate Risk in the Banking Book (IRRBB) newly introduced reporting schemes for significant institutions (and a few less significant institutions) will be added to the existing reporting. Mon, 13 Nov 2023 12:00:00 GMT https://www.dnb.nl/en/sector-news/old/supervision-2023/changes-in-irrbb-reporting-banks/ DNB submits new anti-money laundering approach to financial sector Supervisory authority De Nederlandsche Bank (DNB) is submitting a new anti-money laundering approach to financial institutions and other stakeholders as part of a public consultation. In a policy document presented today [...] Wed, 18 Oct 2023 12:00:00 GMT https://www.dnb.nl/en/sector-news/old/supervision-2023/dnb-submits-new-anti-money-laundering-approach-to-financial-sector/ Dataloop for Solvency II Insurers live on 1 November The Dataloop application for Solvency II insurers will go live in My DNB on 1 November. Dataloop offers you an improved user experience when interacting with DNB on supervisory reports, and DNB can use Dataloop to assess report data quality more efficiently. Wed, 18 Oct 2023 12:00:00 GMT https://www.dnb.nl/en/sector-news/old/supervision-2023/dataloop-for-solvency-ii-insurers-live-on-1-november/ DNB publishes an approach to manage climate and environmental risk for Financial Market Infrastructures The purpose of the good practices for Dutch Financial Market Infrastructures (FMIs) is to provide non-binding guidance on how an FMI can organise its processes and procedures to manage climate and environmental risks. Mon, 16 Oct 2023 12:00:00 GMT https://www.dnb.nl/en/sector-news/old/supervision-2023/dnb-publishes-an-approach-to-manage-climate-and-environmental-risk-for-financial-market-infrastructures/ DNB maintains countercyclical capital buffer at 2% - September 2023 On 31 May 2023, we announced an increase in the countercyclical capital buffer (CCyB) to 2%. Accordingly, banks with loans outstanding in the Netherlands must comply with this requirement by 31 May 2024. Since this announcement the risk environment has not changed substantially. Fri, 29 Sep 2023 12:00:00 GMT https://www.dnb.nl/en/sector-news/old/supervision-2023/dnb-maintains-countercyclical-capital-buffer-at-2-september-2023/ New application: Dataloop This autumn, we are launching a new application for Solvency II insurers in My DNB: Dataloop. The application offers you an improved user experience to interact with us, and it enables us to assess the data quality of reports more efficiently. Tue, 05 Sep 2023 12:00:00 GMT https://www.dnb.nl/en/sector-news/old/supervision-2023/new-application-dataloop/ Stress tests show resilience of European banking sector The European Banking Authority (EBA) and the European Central Bank (ECB) have published the results of the European banking stress tests carried out earlier this year. As the Dutch prudential supervisory authority, Fri, 28 Jul 2023 12:00:00 GMT https://www.dnb.nl/en/sector-news/old/supervision-2023/stress-tests-show-resilience-of-european-banking-sector/ How effectively do banks and payment institutions manage cyber risk? Based on self-assessments and examinations, we have assessed how effectively banks and payment institutions are managing cyber risk. We observed three areas that currently need additional attention. Thu, 08 Jun 2023 12:00:00 GMT https://www.dnb.nl/en/sector-news/old/supervision-2023/how-effectively-do-banks-and-payment-institutions-manage-cyber-risk/ DNB raises countercyclical capital buffer (CCyB) from 1.0% to 2.0% DNB is raising the countercyclical capital buffer (CCyB) from 1.0% to 2.0%. The requirement will apply to all banks – both Dutch and foreign – that have loans outstanding in the Netherlands. Wed, 31 May 2023 12:00:00 GMT https://www.dnb.nl/en/sector-news/old/supervision-2023/dnb-raises-countercyclical-capital-buffer-ccyb-from-1-0-to-2-0/ DNB adjusts O-SII buffers In 2020, DNB changed the requirements for the composition of systemic buffers when the requirements for systemic risk buffers (SRB) and systemic importance buffers for Other Systemically Important Institutions (O-SII buffers) became aggregated under new European legislation (the CRD).. Wed, 31 May 2023 12:00:00 GMT https://www.dnb.nl/en/sector-news/old/supervision-2023/dnb-adjusts-o-sii-buffers/ Sanctions Act examinations: room for improvement, but sector shows strong commitment to compliance DNB has conducted a series of examinations to assess financial institutions’ compliance with sanctions regulations and, more specifically, whether their compliance operations are fit for purpose. We are happy to share the results of these investigations. Wed, 31 May 2023 12:00:00 GMT https://www.dnb.nl/en/sector-news/old/supervision-2023/sanctions-act-examinations-room-for-improvement-but-sector-shows-strong-commitment-to-compliance/ New: status of your assessment application with DNB Did you know that you can track the status of your assessment application in My DNB? As of 11 May 2023 you can see the status of your assessment application in My DNB – Supervisory Applications Service. Thu, 11 May 2023 12:00:00 GMT https://www.dnb.nl/en/sector-news/old/supervision-2023/new-status-of-your-assessment-application-with-dnb/ FATF Warning lists - June 2020 update The Financial Action Task Force (FATF) released two documents following its plenary meeting in June 2020, indicating jurisdictions with strategic deficiencies in their anti-money laundering and combating the financing of terrorism (AML/CFT) regimes. Wed, 12 Apr 2023 15:44:05 GMT https://www.dnb.nl/en/sector-news/old/fatf-warning-lists-june-2020-update/ Integrity survey response deadline postponed We hereby inform you that DNB has experienced a delay in implementing the new portal to be used for supervisory surveys. Unfortunately, this affects the date that the integrity supervisory survey for your institution will become available in MijnDNB. Tue, 04 Apr 2023 12:00:00 GMT https://www.dnb.nl/en/sector-news/old/supervision-2023/integrity-survey-response-deadline-postponed/ DNB publishes supervisory approach for climate and environmental risk management De Nederlandsche Bank’s (DNB) new Guide to managing climate and environmental risks provides the financial sector with focal points and good practices. The Guide incorporates feedback from the sector and NGOs collected during the consultation round. Thu, 30 Mar 2023 12:00:00 GMT https://www.dnb.nl/en/sector-news/old/supervision-2023/dnb-publishes-supervisory-approach-for-climate-and-environmental-risk-management/ DNB maintains Countercyclical Capital Buffer at 1% – March 2023 Just as in December 2022, De Nederlandsche Bank (DNB) is keeping the Countercyclical Capital Buffer (CCyB) unchanged at 1%. Accordingly, banks with loans outstanding in the Netherlands must comply with this requirement by 25 May 2023. Wed, 29 Mar 2023 18:00:00 GMT https://www.dnb.nl/en/sector-news/old/supervision-2023/dnb-maintains-countercyclical-capital-buffer-at-1-march-2023/ Join us for the online demo: Qualitative Surveys Service On 21 March, an online demo of the new qualitative surveys service will take place at 16:00h. Tue, 14 Mar 2023 12:00:00 GMT https://www.dnb.nl/en/sector-news/old/supervision-2023/join-us-for-the-online-demo-qualitative-surveys-service/ FATF warning lists – February 2023 update The Financial Action Task Force (FATF) released two documents, indicating jurisdictions with strategic deficiencies in their anti-money laundering and combating the financing of terrorism (AML/CFT) regimes. Tue, 07 Mar 2023 12:00:00 GMT https://www.dnb.nl/en/sector-news/old/supervision-2023/fatf-warning-lists-february-2023-update/ Continuous notification requirement for antecedents De Nederlandsche Bank (DNB) assesses incumbent and prospective policymakers, such as management and supervisory board members, for fitness to fulfil their duties and whether their propriety is beyond doubt. In conducting our assessments, we also take any antecedents into account. Wed, 01 Feb 2023 12:00:00 GMT https://www.dnb.nl/en/sector-news/old/supervision-2023/continuous-notification-requirement-for-antecedents/ From reflex to reflection Over a decade of research on behaviour and culture at banks. Much has improved, but executive and supervisory board members can become even more effective by devoting more time and attention to reflection. Mon, 30 Jan 2023 12:00:00 GMT https://www.dnb.nl/en/sector-news/old/supervision-2023/from-reflex-to-reflection/ DNB maintains the Countercyclical Capital Buffer at 1 percent – December 2022 Just as in October 2022, DNB keeps the the countercyclical capital buffer (CCyB) unchanged at 1%. Accordingly, banks with loans outstanding in the Netherlands must comply with this requirement by 25 May 2023. We closely monitor the risk picture and stand ready to adjust the buffer requirement if Mon, 19 Dec 2022 12:00:00 GMT https://www.dnb.nl/en/sector-news/old/supervision-2022/dnb-maintains-the-countercyclical-capital-buffer-at-1-percent-december-2022/ Lessons from first European pension sector climate stress test For pension institutions, understanding the potential impact of climate risks is key. A climate stress test can help them understand those risks. European insurance and pension fund supervisor EIOPA has conducted such a stress test for the European pension sector for the first time. Tue, 13 Dec 2022 12:00:00 GMT https://www.dnb.nl/en/sector-news/old/supervision-2022/lessons-from-first-european-pension-sector-climate-stress-test/ Change in concentration risk supervision for exposures to high-risk jurisdictions and deposit funding With the introduction of European supervision on banks, alternative instruments were made available to monitor the risk of banks overexposing in high-risk jurisdictions using deposits covered under the Dutch deposit guarantee scheme (DGS) for funding. Mon, 12 Dec 2022 12:00:00 GMT https://www.dnb.nl/en/sector-news/old/supervision-2022/change-in-concentration-risk-supervision-for-exposures-to-high-risk-jurisdictions-and-deposit-funding/ DNB confirms the O-SII buffers In 2020, DNB modified the composition of the systemic buffer to better align them with the reviewed Capital Requirement Directive (CRD V). The systemic risk buffer (SRB) was abolished, and the buffer for Other Systemically Important Institutions (O-SII buffer) was amended where appropriate. Thu, 01 Dec 2022 12:00:00 GMT https://www.dnb.nl/en/sector-news/old/supervision-2022/dnb-confirms-the-o-sii-buffers/ New My DNB environment makes interaction with DNB easier From 14 November, the Digital Supervision Portal (DLT) and Digital Reporting Portal (DLR) services can be found in the new My DNB environment. We have designed the new My DNB environment to make contact with DNB faster, easier and more transparent for institutions and applicants. Mon, 14 Nov 2022 12:00:00 GMT https://www.dnb.nl/en/sector-news/old/supervision-2022/new-my-dnb-environment-makes-interaction-with-dnb-easier/ FATF warning lists – October 2022 update The Financial Action Task Force (FATF) released two documents, indicating jurisdictions with strategic deficiencies in their anti-money laundering and combating the financing of terrorism (AML/CFT) regimes. Wed, 26 Oct 2022 12:00:00 GMT https://www.dnb.nl/en/sector-news/old/supervision-2022/fatf-warning-lists-october-2022-update/ Consultation on the Guide to managing climate and environmental risks The consultation version of the "Guide to managing climate and environmental risks" was released on 24 October 2022 in Dutch. Now also the English translation is published. Market participants have until 18 December 2022 to respond to this version. Mon, 24 Oct 2022 12:00:00 GMT https://www.dnb.nl/en/sector-news/old/supervision-2022/consultation-on-the-guide-to-managing-climate-and-environmental-risks/ Response to Tribunal ruling in bunq case We have taken note of the ruling of the Trade and Industry Appeals Tribunal (CBb) in the bunq appeal case. Tue, 18 Oct 2022 12:00:00 GMT https://www.dnb.nl/en/sector-news/old/supervision-2022/response-to-tribunal-ruling-in-bunq-case/ Sanctions against Russia (status 7 October 2022) On 6 October 2022, the European Union imposed new sanctions against Russia. As this is an extraordinary situation, we are providing a brief explanation in this news release. Below, we discuss the sanctions in force on 7 October 2022 at the time of writing. Thu, 13 Oct 2022 12:00:00 GMT https://www.dnb.nl/en/sector-news/old/supervision-2022/sanctions-against-russia-status-7-october-2022/ Transactions with a non-EU registered crypto service provider We have established that crypto providers registered in the Netherlands conduct transactions with non-EU registered crypto service providers, for example buying/selling cryptos as part of their own inventory management. Thu, 06 Oct 2022 09:53:14 GMT https://www.dnb.nl/en/sector-news/old/supervision-2022/transactions-with-a-non-eu-registered-crypto-service-provider/ Notifying changes to DNB Providers of crypto services are required to notify us of changes in their operational management or control structure. However, we have observed that crypto service providers in some cases neglect to notify us of such changes, or fail to notify us in time. Thu, 06 Oct 2022 09:53:07 GMT https://www.dnb.nl/en/sector-news/old/supervision-2022/notifying-changes-to-dnb/ DNB maintains the Countercyclical Capital Buffer at 1 percent – September 2022 On 25 May 2022, DNB announced an increase in the countercyclical capital buffer (CCyB) to 1%. DNB now confirms its decision to continue the build-up of the CCyB to 1%. Accordingly, banks with loans outstanding in the Netherlands must to comply with this requirement by 25 May 2023. Mon, 03 Oct 2022 12:00:00 GMT https://www.dnb.nl/en/sector-news/old/supervision-2022/dnb-maintains-the-countercyclical-capital-buffer-at-1-percent-september-2022/ Sanctions screening Previous DNB policy statements may be read to mean that, in the context of sanctions screening, not all relationships must be screened. This is an incorrect conclusion, and DNB will therefore amend the relevant policy statements shortly. Fri, 16 Sep 2022 12:00:00 GMT https://www.dnb.nl/en/sector-news/old/supervision-2022/sanctions-screening/ DNB publishes Q&A on sanctions screening for crypto transactions Today, DNB published a Q&A describing policy on sanctions screening for (incoming and outgoing) crypto transactions. Fri, 16 Sep 2022 12:00:00 GMT https://www.dnb.nl/en/sector-news/old/supervision-2022/dnb-publishes-qa-on-sanctions-screening-for-crypto-transactions/ Amended Policy Rule on Fitness 2012 available for consultation The consultation round for the amended Policy Rule on Fitness 2012 was launched on 15 July 2022. Market participants have until 15 September 2022 to respond to the proposed amendments. Fri, 15 Jul 2022 12:00:00 GMT https://www.dnb.nl/en/sector-news/old/supervision-2022/amended-policy-rule-on-fitness-2012-available-for-consultation-bes/ Please complete the survey on overlap between the AFM’s and DNB’s information requests We would value hearing your views if you have noticed overlap in the information and reporting requests from AFM and DNB. We have made a survey on this subject available to help us identify possible duplication. Thu, 14 Jul 2022 12:00:00 GMT https://www.dnb.nl/en/sector-news/old/supervision-2022/please-complete-the-survey-on-overlap-between-the-afm-s-and-dnb-s-information-requests/ Regulation on the Funding of Financial Supervision On 4 June, the Regulation on the Funding of Financial Supervision (available in Dutch) was adopted by the Ministry of Finance and the Ministry of Social Affairs and Employment, and published in the Government Gazette. Tue, 05 Jul 2022 12:17:05 GMT https://www.dnb.nl/en/sector-news/old/regulation-on-the-funding-of-financial-supervision/ Ultimate Beneficiary Owner reputation assessment effective from 1 May The introduction of the UBO reputation assessment was discussed in the December 2020 newsletter. This new assessment will apply from 1 May 2021 for new UBOs. Tue, 05 Jul 2022 12:14:37 GMT https://www.dnb.nl/en/sector-news/old/ultimate-beneficiary-owner-reputation-assessment-effective-from-1-may/ Additional documents required for assessment of crypto service providers We ask you to also submit information about the recruitment and selection procedure and the decision-making and considerations regarding the appointment when applying for an initial assessment. Tue, 05 Jul 2022 12:13:05 GMT https://www.dnb.nl/en/sector-news/old/additional-documents-required-for-assessment-of-crypto-service-providers/ Risk-based approach to compliance with the Sanctions Act On 19 May 2021, following a ruling on an objection, we re-examined an earlier decision regarding a crypto service provider's compliance with the Sanctions Act. Tue, 05 Jul 2022 12:11:23 GMT https://www.dnb.nl/en/sector-news/old/risk-based-approach-to-compliance-with-the-sanctions-act/ Further clarification of the questions about sectors in the annual integrity risk survey Financial institutions often serve many different customers in many different sectors, including customers in sectors with higher inherent integrity risks. The sector in which a customer operates is one of the factors that a financial institution... Tue, 14 Jun 2022 12:00:00 GMT https://www.dnb.nl/en/sector-news/old/supervision-2022/further-clarification-of-the-questions-about-sectors-in-the-annual-integrity-risk-survey/ DNB increases countercyclical capital buffer to 1% - May 2022 DNB increases the countercyclical capital buffer (CCyB) from 0% to 1%. The requirement will apply to all banks – both Dutch and foreign – that have loans outstanding in the Netherlands. For the Dutch banking sector as a whole, the requirement involves a capital charge of approximately EUR 3.3 bill. Wed, 25 May 2022 12:00:00 GMT https://www.dnb.nl/en/sector-news/old/supervision-2022/dnb-increases-countercyclical-capital-buffer-to-1-may-2022/ DNB handhaaft contracyclische kapitaalbuffer op 0 procent – december 2020 Tue, 26 Apr 2022 12:21:25 GMT https://www.dnb.nl/en/sector-news/old/dnb-handhaaft-contracyclische-kapitaalbuffer-op-0-procent-december-2020/ Increased cyberthreat due to the situation in Ukraine: DNB calls on financial institutions to remain alert Many institutions and security providers warn of an increased cyberthreat to Western vital organisations from sophisticated Russian hackers. Tue, 26 Apr 2022 07:14:36 GMT https://www.dnb.nl/en/sector-news/old/supervision-2022/increased-cyberthreat-due-to-the-situation-in-ukraine-dnb-calls-on-financial-institutions-to-remain-alert/ CORONA - DNB extends ECB temporary relief measure for internal model capital requirements for market risk Tue, 26 Apr 2022 07:14:08 GMT https://www.dnb.nl/en/sector-news/old/corona-dnb-extends-ecb-temporary-relief-measure-for-internal-model-capital-requirements-for-market-risk/ Publication of Regulation on Sound Remuneration Policies Financial Supervision Act 2021 (“Rbb 2021”) in Dutch Government Gazette Tue, 26 Apr 2022 07:13:43 GMT https://www.dnb.nl/en/sector-news/old/publication-of-regulation-on-sound-remuneration-policies-financial-supervision-act-2021-rbb-2021-in-dutch-government-gazette/ DNB follows ECB's lead in not extending bank dividend recommendation beyond September 2021 The current ECB recommendation on dividends expires on 30 September 2021. The ECB today announced it would not extend its recommendation that all banks limit dividends. Tue, 26 Apr 2022 07:13:37 GMT https://www.dnb.nl/en/sector-news/old/dnb-follows-ecb-s-lead-in-not-extending-bank-dividend-recommendation-beyond-september-2021/ FATF warning lists – June 2021 update The Financial Action Task Force (FATF) released two documents, indicating jurisdictions with strategic deficiencies in their anti-money laundering and combating the financing of terrorism (AML/CFT) regimes. Tue, 26 Apr 2022 07:13:36 GMT https://www.dnb.nl/en/sector-news/old/fatf-warning-lists-june-2021-update/ DNB follows ECB in extending leverage ratio relief for banks until 31 March 2022 As of 17 September 2020, banks have been permitted to temporarily exclude certain central bank exposures from the calculation, reporting and disclosure of what is known as the leverage ratio. Tue, 26 Apr 2022 07:13:33 GMT https://www.dnb.nl/en/sector-news/old/dnb-follows-ecb-in-extending-leverage-ratio-relief-for-banks-until-31-march-2022/ Announcement: IT risk self-assessment The 2021 supervisory agenda includes an IT self-assessment for payment institutions and electronic money institutions. The purpose of this assessment is to obtain an up-to-date overview of institutions’ management of IT risks. Tue, 26 Apr 2022 07:13:30 GMT https://www.dnb.nl/en/sector-news/old/announcement-it-risk-self-assessment/ The introduction of two-factor authentication for home shopping credit card purchases was completed this spring Two-factor authentication is a statutory requirement for electronic payments and bank transfers. Find out more about the introduction of this two-factor authentication process here. Tue, 26 Apr 2022 07:13:24 GMT https://www.dnb.nl/en/sector-news/old/the-introduction-of-two-factor-authentication-for-home-shopping-credit-card-purchases-was-completed-this-spring/ Public consultation on digital euro On 12 October 2020, the European Central Bank (ECB) published a questionnaire on the digital euro on its website, for public consultation. It was completed by a record number of respondents. Find out more. Tue, 26 Apr 2022 07:13:24 GMT https://www.dnb.nl/en/sector-news/old/public-consultation-on-digital-euro-1/ FATF warning lists – March 2021 update Tue, 26 Apr 2022 07:13:20 GMT https://www.dnb.nl/en/sector-news/old/fatf-warning-lists-march-2021-update/ Sanctions against Russia (status 12 April) On 8 April 2022, the European Union imposed new sanctions against Belarus and Russia. As this is an extraordinary situation, we are providing a brief explanation in this news release. Below, we discuss the sanctions in force at the time of posting of this news release. Tue, 12 Apr 2022 12:00:00 GMT https://www.dnb.nl/en/sector-news/old/supervision-2022/sanctions-against-russia-status-12-april/ DNB & AFM Sanctions Alert – State of affairs concerning Russia and Ukraine – 11 April 2022 DNB and the AFM jointly inform you about the state of affairs regarding the European sanctions. This news item only relates to new sanctions and/or changes to existing sanctions regimes concerning the situation in Ukraine. Mon, 11 Apr 2022 12:00:00 GMT https://www.dnb.nl/en/sector-news/old/supervision-2022/dnb-afm-sanctions-alert-state-of-affairs-concerning-russia-and-ukraine-11-april-2022/ Considerable room for improvement in dealing with climate-related and environmental risk in medium-sized and small Dutch banks In 2021, De Nederlandsche Bank (DNB) analysed the identification, measurement and management of climate-related and environmental risks by 22 medium-sized and small banks. The study revealed that all banks still have some way to go in this respect. Wed, 06 Apr 2022 12:00:00 GMT https://www.dnb.nl/en/sector-news/old/supervision-2022/considerable-room-for-improvement-in-dealing-with-climate-related-and-environmental-risk-in-medium-sized-and-small-dutch-banks/ DNB shares cybersecurity observations in the annual Information Security monitor 2021 DNB considers information security and the associated cyber risks to be one of the key strategic risks in financial institutions. Currently Many institutions and security providers warn of an increased cyberthreat to Western vital organisations. Tue, 22 Mar 2022 12:00:00 GMT https://www.dnb.nl/en/sector-news/old/dnb-shares-cybersecurity-observations-in-annual-information-security-monitor-2021/ Sanctions against Russia - update (status 17 March) All sanctions list hits must be reported to DNB, not just freeze transactions/sanctions. In this update, we will further discuss the 15 March 2022 sanctions package. Thu, 17 Mar 2022 12:00:00 GMT https://www.dnb.nl/en/sector-news/old/supervision-2022/sanctions-against-russia-update-status-17-march/ FATF warning lists – March 2022 update The Financial Action Task Force (FATF) released two documents, indicating jurisdictions with strategic deficiencies in their anti-money laundering and combating the financing of terrorism (AML/CFT) regimes. Mon, 14 Mar 2022 12:00:00 GMT https://www.dnb.nl/en/sector-news/old/supervision-2022/fatf-warning-lists-march-2022-update/ FATF warning lists – June 2022 update The Financial Action Task Force (FATF) released two documents, indicating jurisdictions with strategic deficiencies in their anti-money laundering and combating the financing of terrorism (AML/CFT) regimes. Mon, 14 Mar 2022 12:00:00 GMT https://www.dnb.nl/en/sector-news/old/supervision-2022/fatf-warning-lists-june-2022-update/ Sanctions against Belarus and Russia (status 11 March) On 9 March 2022, the European Union imposed new sanctions against Belarus and Russia. As this is an extraordinary situation, we are providing a brief explanation in this newsletter. Below, we discuss the sanctions in force on 11 March 2022 at the time of dispatch. Fri, 04 Mar 2022 12:00:00 GMT https://www.dnb.nl/en/sector-news/old/supervision-2022/sanctions-against-belarus-and-russia-status-11-march/ DNB & AFM Sanctions alert – State of affairs concerning Russia and Ukraine – 3 March 2022 Thu, 03 Mar 2022 12:00:00 GMT https://www.dnb.nl/en/sector-news/old/supervision-2022/dnb-afm-sanctions-alert-state-of-affairs-concerning-russia-and-ukraine-3-march-2022/ DNB & AFM Sanctions Alert – State of affairs concerning Russia and Ukraine – 26 February 2022 DNB & the AFM jointly inform you about the state of affairs regarding the European sanctions against Russia. This news item only relates to new sanctions and/or changes to existing sanctions regimes concerning the situation in Ukraine. Sat, 26 Feb 2022 12:00:00 GMT https://www.dnb.nl/en/sector-news/old/supervision-2022/dnb-afm-sanctions-alert-state-of-affairs-concerning-russia-and-ukraine-26-february-2022/ New countercyclical capital buffer framework The COVID-19 crisis has proved the added value of releasable bank buffers. This is why we will introduce a 2% countercyclical capital buffer (CCyB) in a standard risk environment. T Fri, 25 Feb 2022 12:00:00 GMT https://www.dnb.nl/en/sector-news/old/supervision-2022/new-countercyclical-capital-buffer-framework/ Sanctions declared against Russia On 23 February 2022, the European Union imposed new sanctions against Russia. As this is an extraordinary situation, we are providing a brief explanation in this newsletter. Below, we discuss the sanctions in force on 24 February 2022 at the time of dispatch. Thu, 24 Feb 2022 12:00:00 GMT https://www.dnb.nl/en/sector-news/old/supervision-2022/sanctions-declared-against-russia/ DNB will not extend temporary relief measures for banks We are replicating the ECB's decision (link) to let the relief measures for the leverage ratio expire with regard to the less significant credit institutions (LSIs) under our direct supervision. Thu, 10 Feb 2022 15:00:00 GMT https://www.dnb.nl/en/sector-news/old/supervision-2022/dnb-will-not-extend-temporary-relief-measures-for-banks/ The Eurosystem has launched the investigation phase for the digital euro Following the successful completion of the experimental phase, the ECB’s Governing Council has decided to launch the two-year investigation phase from 1 October 2021. In cooperation with the ECB we are actively contributing to the development of the digital euro. Wed, 15 Dec 2021 12:00:00 GMT https://www.dnb.nl/en/sector-news/old/the-eurosystem-has-launched-the-investigation-phase-for-the-digital-euro/ Improving cross-border payments In early 2020, the G20 identified improving cross-border payments as one of the priorities for the coming years. Wed, 15 Dec 2021 12:00:00 GMT https://www.dnb.nl/en/sector-news/old/improving-cross-border-payments/ Consultation: draft Q&A, Sanctions Act screening by crypto service providers. DNB is submitting for consultation a Q&A on compliance with the Sanctions Act for the screening of relationships by crypto service providers. Fri, 19 Nov 2021 12:00:00 GMT https://www.dnb.nl/en/sector-news/old/consultation-draft-qa-sanctions-act-screening-by-crypto-service-providers/ FATF warning lists – October 2021 update The Financial Action Task Force (FATF) released two documents, indicating jurisdictions with strategic deficiencies in their anti-money laundering and combating the financing of terrorism (AML/CFT) regimes. Wed, 27 Oct 2021 12:00:00 GMT https://www.dnb.nl/en/sector-news/old/fatf-warning-lists-october-2021-update/ New procedure types, i.e. passporting notifications and qualifying holding procedures in the IMAS portal The European Central Bank (ECB) has successfully introduced interaction on Fit and Proper testing with significant institutions and their advisors via a dedicated infrastructure called IMAS Portal. Fri, 10 Sep 2021 12:00:00 GMT https://www.dnb.nl/en/sector-news/old/new-procedure-types-i-e-passporting-notifications-and-qualifying-holding-procedures-in-the-imas-portal/ Central banks and supervisors call on the EU to comply with Basel III In the autumn, the European Commission will publish a proposal for updated capital requirements for banks within the EU. Tue, 07 Sep 2021 12:00:00 GMT https://www.dnb.nl/en/sector-news/old/central-banks-and-supervisors-call-on-the-eu-to-comply-with-basel-iii/ Revised template Article 23 LCR DR qualitative data request DNB has revised the format of the annual Article 23 LCR DR qualitative data request. The new template will be used in the upcoming data request which will be launched in September. Tue, 10 Aug 2021 12:00:00 GMT https://www.dnb.nl/en/sector-news/old/revised-template-article-23-lcr-dr-qualitative-data-request/ Innovation and regulation: opportunities and obstacles Innovation, technological developments and the emergence of new market participants are radically changing the financial sector. Mon, 02 Aug 2021 12:00:00 GMT https://www.dnb.nl/en/sector-news/old/innovation-and-regulation-opportunities-and-obstacles/ 2022 Act amending the Financial Markets Act The 2022 Act amending the Financial Markets Act includes proposals for amendments to a number of Acts, including the Financial Supervision Act (Wet op het financieel toezicht – Wft). We have listed the main changes for payment institutions and electronic money institutions below. Tue, 01 Jun 2021 12:00:00 GMT https://www.dnb.nl/en/sector-news/old/2022-act-amending-the-financial-markets-act/ Submission of financial statements and related documents Under the Financial Supervision Act (Wet op het financieel toezicht – Wft), payment institutions and electronic money institutions must submit the following within six months of the end of the financial year, i.e. no later than 30 June 2021 for the 2020 financial year: Tue, 01 Jun 2021 12:00:00 GMT https://www.dnb.nl/en/sector-news/old/submission-of-financial-statements-and-related-documents/ Submission of operational and security risk analysis in 2021 Under Article 95(2) of (EU) Regulation 2015/2366 (PSD2), payment service providers must submit an assessment of their operational and security risks to the supervisory authority on an annual basis. Tue, 01 Jun 2021 12:00:00 GMT https://www.dnb.nl/en/sector-news/old/submission-of-operational-and-security-risk-analysis-in-2021/ Reporting of supervisory incidents. Payment institutions and electronic money institutions are under a statutory obligation to report supervisory incidents to DNB. Supervisory incidents are incidents that may damage confidence in your institution or the financial markets in general. Tue, 01 Jun 2021 12:00:00 GMT https://www.dnb.nl/en/sector-news/old/reporting-of-supervisory-incidents/ Updated payment system statistics We have published the updated PAY taxonomy for payment system statistics on our website. Tue, 01 Jun 2021 12:00:00 GMT https://www.dnb.nl/en/sector-news/old/updated-payment-system-statistics/ The Dutch Authority for the Financial Markets (AFM) and the Dutch Central Bank (DNB) are consulting on the Supervisory Regulation on Sound Remuneration Policies (Regeling beheerst beloningsbeleid Wft 2021 - Rbb 2021) The new supervisory regulation by the AFM and DNB replaces DNB's Rbb 2017 Thu, 15 Apr 2021 12:00:00 GMT https://www.dnb.nl/en/sector-news/old/the-dutch-authority-for-the-financial-markets-afm-and-the-dutch-central-bank-dnb-are-consulting-on-the-supervisory-regulation-on-sound-remuneration-policies-regeling-beheerst-beloningsbeleid-wft-2021-rbb-2021/ Recurring complaints about IBAN discrimination Since 2014, DNB has dealt with over 100 complaints each year about possible IBAN discrimination, which continues to occur. So far, less than half of the complaints made about IBAN discrimination were held to be valid. Find out more. Wed, 31 Mar 2021 12:00:00 GMT https://www.dnb.nl/en/sector-news/old/recurring-complaints-about-iban-discrimination/ Payment behaviour during the pandemic DNB research shows that the payment behaviour of Dutch consumers changed significantly during the pandemic; there was a sharp increase in debit card use, which came at the expense of cash payments. Find out more. Wed, 31 Mar 2021 12:00:00 GMT https://www.dnb.nl/en/sector-news/old/payment-behaviour-during-the-pandemic/ Cash must remain accessible and available A new DNB study concludes that cash still plays an essential role in society. The cash infrastructure, however, is under pressure, which could have negative consequences for the accessibility and acceptance of cash as a means of payment. Why is cash important? Find out more. Wed, 31 Mar 2021 12:00:00 GMT https://www.dnb.nl/en/sector-news/old/cash-must-remain-accessible-and-available/ DNB issued more banknotes than it received in 2020 Since the start of the pandemic, DNB has processed far fewer banknotes than usual. The intake of banknotes has in fact decreased so much that, for the first time since 2002, DNB is issuing more banknotes than it is receiving. Read more about this topic here. Wed, 31 Mar 2021 12:00:00 GMT https://www.dnb.nl/en/sector-news/old/dnb-issued-more-banknotes-than-it-received-in-2020/ DNB leaves countercyclical buffer unchanged at 0% – March 2021 The countercyclical capital buffer (CCyB) is a macroprudential instrument that aims to protect banks against systemic risks arising from excessive credit growth in a member state. Fri, 26 Mar 2021 12:00:00 GMT https://www.dnb.nl/en/sector-news/old/dnb-leaves-countercyclical-buffer-unchanged-at-0-march-2021/ Publication of DNB’s decision to amend Regulation on Sound Remuneration Policy Wft 2017 Thu, 07 Jan 2021 12:00:00 GMT https://www.dnb.nl/en/sector-news/old/publication-of-dnb-s-decision-to-amend-regulation-on-sound-remuneration-policy-wft-2017/ FATF Warning lists - December 2020 update Wed, 30 Dec 2020 12:00:00 GMT https://www.dnb.nl/en/sector-news/old/fatf-warning-lists-december-2020-update/ DNB leaves countercyclical buffer unchanged at 0% – September 2020 Fri, 25 Sep 2020 12:00:00 GMT https://www.dnb.nl/en/sector-news/old/dnb-leaves-countercyclical-buffer-unchanged-at-0-september-2020/ Webinar on counterparty screening under the Sanctions Act Wed, 23 Sep 2020 12:00:00 GMT https://www.dnb.nl/en/sector-news/old/webinar-on-counterparty-screening-under-the-sanctions-act/ DNB resumes assessment of insurers' dividends Mon, 06 Jul 2020 12:00:00 GMT https://www.dnb.nl/en/sector-news/old/dnb-resumes-assessment-of-insurers-dividends/ DNB leaves countercyclical buffer unchanged at 0% – June 2020 Fri, 19 Jun 2020 12:00:00 GMT https://www.dnb.nl/en/sector-news/old/dnb-leaves-countercyclical-buffer-unchanged-at-0-june-2020/ 21 May: definitive date for entry into force of Implementation Act Thu, 21 May 2020 12:00:00 GMT https://www.dnb.nl/en/sector-news/old/21-may-definitive-date-for-entry-into-force-of-implementation-act/ CORONA - Information about the notification of general moratoria Thu, 14 May 2020 12:00:00 GMT https://www.dnb.nl/en/sector-news/old/corona-information-about-the-notification-of-general-moratoria/ DNB update on submission deadlines for supervisory reporting Thu, 16 Apr 2020 12:00:00 GMT https://www.dnb.nl/en/sector-news/old/dnb-update-on-submission-deadlines-for-supervisory-reporting/ FATF warning lists: February 2020 update Thu, 09 Apr 2020 12:00:00 GMT https://www.dnb.nl/en/sector-news/old/fatf-warning-lists-february-2020-update/ DNB calls on insurers to temporarily postpone dividend payments and share buybacks Thu, 02 Apr 2020 12:00:00 GMT https://www.dnb.nl/en/sector-news/old/dnb-calls-on-insurers-to-temporarily-postpone-dividend-payments-and-share-buybacks/ DNB leaves countercyclical buffer unchanged at 0% – March 2020 Thu, 26 Mar 2020 00:00:00 GMT https://www.dnb.nl/en/sector-news/old/dnb-leaves-countercyclical-buffer-unchanged-at-0-march-2020/ CORONA - DNB measures in reaction to coronavirus Fri, 20 Mar 2020 12:00:00 GMT https://www.dnb.nl/en/sector-news/old/corona-dnb-measures-in-reaction-to-coronavirus/ DNB leaves countercyclical buffer unchanged at 0% – December 2019 Thu, 19 Dec 2019 00:00:00 GMT https://www.dnb.nl/en/sector-news/old/dnb-leaves-countercyclical-buffer-unchanged-at-0-december-2019/ Seminar supervision of crypto service providers Thu, 05 Dec 2019 12:00:00 GMT https://www.dnb.nl/en/sector-news/old/seminar-supervision-of-crypto-service-providers/ DNB consults the sector on a draft Good Practice on the integration of climate-related risk considerations into banks’ risk management Wed, 27 Nov 2019 12:00:00 GMT https://www.dnb.nl/en/sector-news/old/dnb-consults-the-sector-on-a-draft-good-practice-on-the-integration-of-climate-related-risk-considerations-into-banks-risk-management/ NHG amends terms and conditions, prudential treatment of NHG-backed mortgage loans Tue, 19 Nov 2019 12:00:00 GMT https://www.dnb.nl/en/sector-news/old/nhg-amends-terms-and-conditions-prudential-treatment-of-nhg-backed-mortgage-loans/ New section for crypto service providers on Open Book Supervision Fri, 15 Nov 2019 12:00:00 GMT https://www.dnb.nl/en/sector-news/old/new-section-for-crypto-service-providers-on-open-book-supervision/ FATF Warning lists – October 2019 update Mon, 28 Oct 2019 12:00:00 GMT https://www.dnb.nl/en/sector-news/old/fatf-warning-lists-october-2019-update/ DNB leaves countercyclical buffer unchanged at 0% – September 2019 Thu, 24 Oct 2019 12:00:00 GMT https://www.dnb.nl/en/sector-news/old/dnb-leaves-countercyclical-buffer-unchanged-at-0-september-2019-1/ DNB leaves countercyclical buffer unchanged at 0% – September 2019 Thu, 24 Oct 2019 12:00:00 GMT https://www.dnb.nl/en/sector-news/old/dnb-leaves-countercyclical-buffer-unchanged-at-0-september-2019/ FATF Warninglists - update june 2019 Thu, 27 Jun 2019 12:00:00 GMT https://www.dnb.nl/en/sector-news/old/fatf-warninglists-update-june-2019/