Do I need prior approval from DNB to apply risk-mitigation techniques?
No, you do not need to obtain prior approval for risk mitigation techniques from DNB. Our supervision is retrospective in this case: we assess ex-post whether the risk-mitigation techniques to be taken into account in determining the Solvency Capital Requirement comply with the legal requirements. However, we offer you the possibility to submit risk mitigation techniques for assessment in advance. To do so, please complete the attached self-assessment and submit it to us with all relevant and underlying documentation. In addition to an Excel file for the self-assessment, the attached documents also include a manual with explanatory notes.
Liability-Driven Investment funds (LDI funds) mainly invest in long-term government bonds and long-term interest rate derivatives. The use of these interest rate derivatives exposes LDI funds to liquidity risks in case of large interest rate fluctuations.
Read more Limited liquidity risks in Euro LDI funds
This week, the European Supervisory Authorities (EBA, EIOPA and ESMA – ESAs) have published their final reports on greenwashing in the financial sector.
Read more European Supervisory Authorities publish reports on greenwashing in the financial sector
On Tuesday 28th May from 3:00-4:45 PM CET DNB will organize an online information session about fit and proper assessments.
Read more Information session about fit and proper assessments DNB
The rapid development of artificial intelligence (AI) poses challenges for the supervisory work of the AFM and DNB. The supervisory authorities have published a report with criteria and areas of attention for shaping the supervision of AI.
Read more AFM and DNB publish report on the impact of AI on the financial sector and supervision
