Information session about fit and proper assessments DNB
On Tuesday 28th May from 3:00-4:45 PM CET DNB will organize an online information session about fit and proper assessments.
Read more Information session about fit and proper assessments DNBYou are using an outdated browser. DNB.nl works best with:
Published: 06 July 2023
If a financial institution suddenly threatens to fail, forging a concentration of financial enterprises in the financial sector may be a solution. In such a case, the DNB/NMa Protocol on concentrations in the financial sector in crisis situations sets out the specific agreements between DNB and the NMa.
In crisis situations, supervisory authorities can deploy various instruments such as emergency regulations and relief schemes for transferring a failing institution's portfolio. The protocol also applies to these situations. Forging a concentration can also be a means to resolve the crisis and avoid the instruments mentioned above from having to be deployed. Within the context of the protocol, DNB's aim is to prevent the institution's failure and having to apply emergency regulations. The NMa's aim is to prevent the creation or strengthening of economic power concentrations that could significantly hamper competition in the Dutch markets.
The protocol was signed in December 2010 and published in the Government Gazette (2011, no.84). It became effective on 4 January 2011, with the previous protocol between DNB, the former Pensions and Insurance Supervisory Authority of the Netherlands (Pensioen- & Verzekeringskamer – PVK) and the NMa of 10 December 1999 lapsing at the same time (Government Gazette 2000, no. 13).
The 2011 protocol was a revision of the 1999 protocol, which had to be updated following significant changes to financial supervision and competition legislation. The protocol parties also felt the need to clarify or tighten parts of the 1999 agreements. The 2011 protocol was explicitly extended to include the pension sector, since this sector can also be subject to crisis situations involving competition.
In 2017, the protocol was revised again, see here for more information (Dutch only).
On Tuesday 28th May from 3:00-4:45 PM CET DNB will organize an online information session about fit and proper assessments.
Read more Information session about fit and proper assessments DNBDe Nederlandsche Bank (DNB) is looking forward to hosting its annual seminar on the deposit guarantee scheme (DGS) with the theme “Navigating New Horizons: Exploring the Future of the Dutch Deposit Guarantee”. The seminar will be held on Wednesday 5 June 2024.
Read more Deposit guarantee scheme (DGS) seminar: “Navigating New Horizons: Exploring the Future of the Dutch Deposit GuaranteeDe Nederlandsche Bank (DNB) imposed an instruction on Triodos Bank N.V. (Triodos) on 6 March 2019. DNB found that Triodos was in non-compliance with statutory requirements in the area of customer integrity.
Read more Instruction for Triodos Bank N.V. in 2019 for failing to conduct sound and ethical operational managementHow does one bring the professional oath to life in daily practice? Representatives from the financial sector and the supervisory authorities tackled this question at the DNB seminar on the professional oath in late 2022.
Read more The professional oath in daily practiceWe use cookies to optimise the user-friendliness of our website.
Read more about the cookies we use and the data they collect in our cookie notice.