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 [...]Read more
DNB calls on insurers to temporarily postpone dividend payments and share buybacks
Published: 02 April 2020
Earlier today, the European Insurance and Occupational Pension Authority (EIOPA) issued a statement calling on insurers to suspend their dividend payments and share buybacks until more is known about the impact of COVID-19.
We fully endorse this recommendation. It supports our recent recommendation to banks and insurers not to use their buffers for dividend payment or share buybacks for the time being.
We expect the impact of the coronavirus on the economy to be substantial, but we cannot yet foresee the scale and duration of this crisis. As a result, the impact on insurers’ buffers is not yet known, since the effects of the crisis on the value of their investments and on their claims burden is still uncertain.
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.Read more
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.Read more