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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Identification ING as global systemically important institution
Factsheet
In accordance with Article 105c(1) of the Decree on Prudential Rules for Financial Undertakings (Besluit prudentiële regels Wft – Bpr) in conjunction with Article 131 of Directive No 2013/36/EU (the CRD) and the Commission Delegated Regulation (EU) No 1222/2014, De Nederlandsche Bank (DNB) has again identified ING Group (hereinafter: ING) as a global systemically important institution (G-SII).
In line with the methodology of Article 5 of the Delegated Regulation, ING's score is 148 base points (based on data as at 31 December 2022), placing the institution again in subcategory 1, for which the G-SII buffer has been set at 1% of the total risk exposure amount.
On balance, this buffer will not affect ING’s risk-weighted capital requirement, given that its Other Systemically Important Institution (O-SII) buffer has been set higher and only the highest of the two counts. The O-SII buffer of ING is currently 2.5% and becomes 2% as of 31 May 2024, see here.
Every year, the Basel Committee on Banking Supervision (BCBS) and the Financial Stability Board (FSB) also publish the methodology for identifying G-SII's (or G-SIBs) and the annual outcomes.
Interesting articles
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Deposit guarantee scheme (DGS) seminar: “Navigating New Horizons: Exploring the Future of the Dutch Deposit Guarantee
De 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 Guarantee -
Instruction for Triodos Bank N.V. in 2019 for failing to conduct sound and ethical operational management
De 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 management -
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.
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