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.
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Solvency II: Supervisory Review Process
Factsheet
De Nederlandsche Bank is required to disclose supervisory information in line with article 31 of the Solvency II Directive (2009/138/EU).
The supervisory information contains three sections
- Rules and guidance
- Statistical data
- Supervisory review and criteria and methods used in the supervisory process
Rules and guidance
The Solvency II Directive has entered into force on 1 January 2016 and imposes requirements on the supervisory approach taken by national supervisory authorities. In this context, DNB applies the EIOPA guidelines on the supervisory review process in its supervisory approach.
Laws and regulations adopted by the Netherlands to implement the provisions of Directive 2015/35/EU, Regulation (EC) No 2009/138, These texts outline the basic legislative and regulatory framework for supervised insurers. See: Regulatory framework
Administrative rules. For the purposes of supervisory disclosure ‘administrative rules’ refers to documents that give guidance to supervised entities on how to satisfy legislative and regulatory requirements See: Supervision of Insurers.
Regulation (EC) No 2009/138, contains a large number of options and national discretions which may be applied on the basis of national circumstances. This section shows how these options and national discretions are exercised in the Netherlands. See table B: Staatsblad 2015, 308 | Overheid.nl > Officiële bekendmakingen
Statistical data
This section displays aggregate statistical data on key aspects of the implementation of the prudential framework in the Netherlands. The disclosures include national statistical data on the insurance sector, credit risk, operational risk, market risk, and supervisory actions and measures. See: Statistics
Supervisory review and the criteria and methods used in the supervisory process
This section covers the general criteria and methodologies used by de Nederlandsche Bank in the Supervisory Review and Evaluation Process. See: Brochure ATM.
Interesting articles
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The professional oath in daily practice
How 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 practice -
Dutch insurers continue to invest less in bonds
Insurers in the Netherlands continued to sell direct investments in bonds in 2023, new figures from DNB show. For the fourth year in a row, insurers sold more bonds than they bought.
Read more Dutch insurers continue to invest less in bonds -
DNB and AFM: recommendations for a strong European Capital Markets Union
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 DNB and AFM: recommendations for a strong European Capital Markets Union
