Slower progress towards Basel III

News
Date 26 June 2012

Due to the crisis, many banks are behind schedule in the migration to Basel III. DNB will step in where necessary.

DNB advocates a strong Dutch banking sector, which is adequately prepared for Basel III. The aim is to set sufficiently ambitious targets for capital and liquidity buffers and put in place realistic measures for achieving those targets.

 


  

Finger on the pulse

Basel

Based on an intensive monitoring exercise, DNB has concluded that Dutch banks are generally moving in the right direction. However, many still have a great deal to do, partly as a result of the deepening crisis in Europe. At the same time, DNB notes that several banks are already taking explicit account of the Basel III parameters in their (strategic) planning process. 

The road ahead

Banks are seeking to meet their Basel III targets through profit retention and by attracting savings deposits. The crisis has made this more difficult. DNB is currently holding talks with banks about their updated migration plans, and will intervene and make adjustments where necessary. This is based on the belief that it is important that Dutch banks maintain a sufficiently high level of ambition and make clear progress compared with their national and international peers.