Thorough preparation is of vital importance for us to intervene in a failing bank or insurance firm. That is why we determine in advance the best possible approach for each institution, should it run into difficulty. We set out that approach in a plan that ensures we can act promptly and effectively if needed.
What about other financial institutions?
Since 2022, DNB has also been the national resolution authority for central counterparties (CCPs) established in the Netherlands. CCPs ensure that banks, insurers and pension funds can securely carry out certain financial transactions, such as securities and derivatives transactions. Because of the important function that CCPs play in the financial system, a resolution framework has been developed at European level for these institutions. As a customer of a bank or insurance firm, you do not deal directly with CCPs.