De Nederlandsche Bank N.V. (DNB) imposed an administrative fine on Aegon Bank N.V. (Knab) on 5 February 2024.Read more
Repetition of an offence and its consequences
Published: 12 September 2018
What is a repeated offence and what does this mean for the amount of a fine or penalty?
Under the law, a repeated offence is involved if an instance of non-compliance occurs within a period of five years after an administrative fine was imposed on the non-compliant party for the same offence.
In the event of a repeated offence, the amount of the fine or penalty (as determined after taking into account the gravity and/or duration of the non-compliance and the degree of culpability) must be doubled under the law.
In view of our continued support for a deeper and more integrated European Capital Markets Union (CMU), De Nederlandsche Bank (DNB) and the Dutch Authority for the Financial Markets (AFM) present next steps to shape the right policies and create a competitive European capital market.Read more
In the event of a large, sudden drop in the value of derivatives, Dutch pension funds do not need to resort to an extensive sell-off of assets. They have enough liquidity sources to meet margin calls, which are obligations arising from value changes in their derivatives.Read more