Any party wanting to pursue the business of a bank in the Netherlands must hold the appropriate licence. Under specific circumstances, this does not apply to central corporate treasuries.
A central corporate treasury is an entity that invites repayable funds by issuing securities and that lends the invited funds within the group to which it belongs.
An exception to the prohibition to pursue the business of a bank without a licence may apply if a central corporate treasury holds an unconditional guarantee from a licensed bank or from its own parent company with respect to all obligations arising from the repayable funds received. The central corporate treasury must grant at least 95% of those funds as credits within the group to which it belongs. The parent company is required to guarantee that the central corporate treasury is able to fulfil all of its obligations arising from having invited repayable funds at all times. The parent company is also required to have positive consolidated own funds at its disposal during the entire life of the guarantee.
The central corporate treasury is only excepted from the obligation to have a licence if it is at all times able to demonstrate that it complies with the conditions for exception.
DNB has reviewed the identification and buffer requirements for systemically important banks and maintains the current requirements.
Read more DNB maintains buffers for systemically important banks
On Tuesday 5th November from 3:00-4:45 PM CET DNB will organize a physical information session about fit and proper assessments.
Read more Information session about fit and proper assessments DNB
On 30 September 2024, DNB published the amendments to the two policy rules for the deposit guarantee scheme (DGS). These amendments were publicly consulted in June 2024.
Read more Adoption of the 2024 amendments to the Policy Rules for the Deposit Guarantee Scheme
As at 30 June 2024, Dutch households held some €15 billion in bank deposits in other euro area countries, the latest figures from DNB and the European Central Bank (ECB) show. This means foreign savings keep growing.
Read more Dutch households see foreign bank deposits double in two years
