Supervisory agenda for 2019
These and other elements will feature in our supervision of the Dutch financial sector next year. Our Supervision Outlook for 2019 as published today addresses them in more detail. It discusses the highlights planned for the year ahead to which we will devote additional attention in addition to our ongoing prudential supervision.
The various elements of the Supervision Outlook follow on from the three long-term supervision goals until 2022. These are: responding to technological innovation, fostering future orientation and sustainability and taking a hard stance against financial and economic crime. We discussed these long-term goals in the DNB Supervisory Strategy 2018-2022 issued in late 2017.
Digital technology and blockchain
Responding to technological innovation, we will examine further options to digitise our supervisory process. We will consider whether digital technology could help us take a more risk-based approach, detecting relevant risks at acceptable costs and improving our response to their underlying coherence. We will also continue to study the implications of adopting blockchain technology and potential regulation of cryptos, such as bitcoins.
We will continue our ongoing dialogue with the financial sector to adjust our supervisory frameworks to incorporate climate-related risks. In addition, we will maintain our efforts to monitor climate-related developments and measures in society that could directly or indirectly impact investments made and loans issued by financial institutions. Furthermore, we remain committed to targeted international and European collaboration, including through the Central Banks and Supervisors Network for Greening the Financial System (NGFS).
As part of our efforts to prevent financial and economic crime, we will again call upon financial institutions to strengthen their gatekeeper role. Our thematic examinations next year will focus on tax risks and social impropriety, and involvement in undermining and organised crime.
In addition to our ongoing supervision in the coming year, we will also devote special attention to anticipating tail risks, which are risks that have a small likelihood of occurring but could have major consequences.
End of press release
For more information, please contact Tobias Oudejans by telephone at +31 20 524 3100 or +31 6 524 96 961.