Turnaround in the economy
According to the DNB business cycle indicator, the low point of the economic cycle has been reached, after which economic growth will pick up gradually and at a moderate pace this year.
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Published: 07 November 2020
Today, DNB published a Q&A describing policy on how, for example, a bank or other financial entity is consolidated in the group balance sheet of insurance-led financial conglomerates.
This policy is in line with the binding provisions on this subject contained in the SII Delegated Regulation (the European supervisory framework for insurers – Solvency II). This adjusted method may lead to a change in the reported Solvency II ratios of relevant insurers, and does not reflect any direct change in their risk profile. This changed method will in any case be applied to the Solvency II reporting figures for 2020.
For more information, please contact Tobias Oudejans, tel. nrs. 020 524 31 00 en 06 524 96 961.
According to the DNB business cycle indicator, the low point of the economic cycle has been reached, after which economic growth will pick up gradually and at a moderate pace this year.
Read moreIn the fourth quarter of 2023, foreign multinationals transferred over €300 billion in conduit activities from the Netherlands abroad. These relocations indicate adjustments in business structures, and may be due to the introduction this year of a minimum tax for these international companies.
Read moreThe Dutch economy is strong and resilient, but not everyone in the Netherlands experiences it that way. Many people are struggling financially or have concerns about their future. The Netherlands should therefore strive for a highly developed and finely tuned economy that works better for everyone.
Read more“We see that while the Dutch economy is doing quite well, it is not working well enough for some groups in society.” Klaas Knot said this at the presentation of DNB’s 2023 Annual Report.
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