In exercising prudential supervision, we use the reports submitted by supervised institutions. These reports are accompanied by statements from the external auditor and the actuary, who generally have detailed knowledge of the supervised institution. As part of their background, they have knowledge about and experience with forming an opinion of the supervised institution. Accordingly, their expertise and reliability are of great importance to us.
If an external auditor or actuary cannot or no longer provide the necessary guarantees that they will be able to properly perform their task with regard to the pension fund or financial institution, we may decide that the external auditor or actuary in question is no longer competent to issue the statements referred to in the Pensions Act and the Financial Supervision Act with regard to the supervised institution, for example because of the increasing size and complexity of the institution. In that case, we may impose a prohibition on the external auditor or actuary to issue such a statement regarding the supervised institution. A declaration of incompetence always applies to an individual external auditor or actuary and not to partnerships of external auditors or actuaries.
Dutch mortgage funds received €2 billion in new investments from institutional investors such as pension funds and insurers in the first three quarters of 2024, DNB figures show. This is less than in previous years and can be attributed to market interest rates having risen sharply during 2022.
Read more Investor interest in Dutch mortgage funds continues to decline
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
From 25 November 2024, Jochem Dijckmeester will succeed Cindy van Oorschot as Divisional Director of Pension Supervision at DNB.
Read more Jochem Dijckmeester appointed Divisional Director of Pension Supervision
Embedded finance offers customers the convenience of in-app payment options and on-the-spot insurance. This seamless integration of financial services, available exactly when and where they are needed, makes life simpler. But this innovation also entails new risks.
Read more Embedded finance: striking a balance between convenience and risk in the digital economy
