In the area of Interest Rate Risk in the Banking Book (IRRBB) newly introduced reporting schemes for significant institutions (and a few less significant institutions) will be added to the existing reporting.Read more
Exchange of information under the Financial Supervision Act
Published: 01 January 2007
DNB exercises supervision on financial undertakings on the basis of information supplied by or about these undertakings or the persons involved in them. This information is generally confidential in nature. The Financial Supervision Act (Wet op het financieel toezicht (Wft)) therefore provides for the principle that confidential information is secret and that this information shall remain within DNB. In certain exhaustively listed cases, however, DNB is permitted to supply confidential information to specific persons or bodies.
The exceptions to the obligation of secrecy are listed in sections 1:90, 1:91 and 1:92 of the Wft
Pursuant to Section 1:90 of the Wft, DNB may provide confidential information to other financial supervisors in or outside the Netherlands. To use this provision, a number of conditions must first be met, which are described in Section 1:90(1) of the Wft.
Sections 1:91 and 1:92 provide for the competence to supply confidential data in the context of an insolvency procedure, such as a bankruptcy proceeding or the emergency regulation.
Exchange of information between supervisors
Chapter 1.3 of the Wft contains specific instructions for the exchange of information with other supervisory authorities. A distinction is made between the supervisory authorities of other Member States and those of non-Member States.
Chapter 1.3 of the Wft also provides for instructions governing the supply of information to the Commission of the European Communities. This information may relate to, for instance, the granting of an authorisation, the granting of a declaration of no-objection and general difficulties which financial undertakings may encounter.
Supervisory authority De Nederlandsche Bank (DNB) is submitting a new anti-money laundering approach to financial institutions and other stakeholders as part of a public consultation. In a policy document presented today [...]Read more
DNB publishes an approach to manage climate and environmental risk for Financial Market Infrastructures
The purpose of the good practices for Dutch Financial Market Infrastructures (FMIs) is to provide non-binding guidance on how an FMI can organise its processes and procedures to manage climate and environmental risks.Read more
On 31 May 2023, we announced an increase in the countercyclical capital buffer (CCyB) to 2%. Accordingly, banks with loans outstanding in the Netherlands must comply with this requirement by 31 May 2024. Since this announcement the risk environment has not changed substantially.Read more