Information session about fit and proper assessments DNB
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 DNBYou are using an outdated browser. DNB.nl works best with:
A securitisation may involve transactions that provide implicit support to that securitisation. Is the institution obliged to notify the supervisory authority of such transactions?
Published: 12 July 2023
Yes, the institution is obliged to notify the competent authority of such transactions.
Pursuant to Section 250(1 and 2) of Regulation (EU) No 575/2013, "A sponsor institution, or an originator institution which in respect of a securitisation has made use of Article 245(1) and (2) in the calculation of risk-weighted exposure amounts or has sold instruments from its trading book to the effect that it is no longer required to hold own funds for the risks of those instruments shall not, with a view to reducing potential or actual losses to investors, provide support to the securitisation beyond its contractual obligations."
The Regulation also stipulates that transactions providing support to a securitisation, regardless of whether this is part of the contractual commitments, must be notified to the competent authorities.
The scope of this notification is specified in the EBA Guidelines on implicit support for securitisation transactions (EBA/GL/2016/08), which also describe the concept of market-oriented conditions and when a transaction is not set up to provide support.
The notification obligation applies equally to significant institutions (SIs) under direct ECB supervision and to less significant institutions (LSIs) supervised by DNB in cooperation with the ECB.
When notifying the competent authorities, SIs are required to use the guidance document published by the ECB on its website on 28 July 2017.
LSIs must address notifications to their account supervisor. In doing so, they must consider the following:
Once we have been notified of the transaction, we may invite you for an informal supervisory meeting to discuss the transaction's specific characteristics.
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 DNBDe Nederlandsche Bank (DNB) is looking forward to hosting its annual seminar on the deposit guarantee scheme (DGS) with the theme “Navigating New Horizons: Exploring the Future of the Dutch Deposit Guarantee”. The seminar will be held on Wednesday 5 June 2024.
Read more Deposit guarantee scheme (DGS) seminar: “Navigating New Horizons: Exploring the Future of the Dutch Deposit GuaranteeDe Nederlandsche Bank (DNB) imposed an instruction on Triodos Bank N.V. (Triodos) on 6 March 2019. DNB found that Triodos was in non-compliance with statutory requirements in the area of customer integrity.
Read more Instruction for Triodos Bank N.V. in 2019 for failing to conduct sound and ethical operational managementHow does one bring the professional oath to life in daily practice? Representatives from the financial sector and the supervisory authorities tackled this question at the DNB seminar on the professional oath in late 2022.
Read more The professional oath in daily practiceWe use cookies to optimise the user-friendliness of our website.
Read more about the cookies we use and the data they collect in our cookie notice.