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. The questionnaire, explanatory notes and information about the deadline will be made available to the participating institutions at the beginning of June.
Compared to last year, we have made some changes to the format of this self-assessment. This year, institutions can also use existing independent audit reports to demonstrate their adequate management of IT risks. The questionnaire is also better aligned with the EBA Guidelines on ICT and security risk management (EBA/GL/2019/04) and outsourcing (EBA/GL/2019/02). We discussed the changes to the format to improve the clarity of the assessment with a number of institutions.
Not all licensed institutions will have to complete this self-assessment: institutions that recently obtained their license or were recently subjected to a more in-depth IT examination will not be asked to participate.
We will share the key observations from the assessment with the sector in the second half of this year.
On Tuesday 5th November from 3:00-4:45 PM CET DNB will organize a physical information session about fit and proper assessments.
Read more Information session about fit and proper assessments DNB
Embedded finance offers customers the convenience of in-app payment options and on-the-spot insurance. This seamless integration of financial services, available exactly when and where they are needed, makes life simpler. But this innovation also entails new risks.
Read more Embedded finance: striking a balance between convenience and risk in the digital economy
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
