For significant institutions, the ECB's procedures must be adhered to. As described above, DNB and the AFM work together in preparing and aligning their fit and proper assessments and assessment interviews. The ECB takes the final decision, based on the findings of the joint supervisory team (JST).
DNB will present the ECB with a draft decision, taking into account the AFM's recommendation. The ECB takes the final decision. The ECB will deviate from the national supervisory authority's draft decision only in exceptional cases.
Fit and proper assessments for non-significant institutions take place in the usual consultation with the AFM.
De Nederlandsche Bank (DNB) issued an instruction on 29 September 2022 to trust office CIS Management B.V. (CIS) for serious deficiencies in its systematic integrity risk analysis (SIRA). DNB confirmed to CIS on 18 December 2023 that it had sufficiently complied with the instruction.
Read more Instruction issued to trust office CIS Management B.V. for serious shortcomings in its SIRA
We have established that in many cases the quality of prudential reporting has room for improvement. Therefore, we have published good practices on data quality.
Read more Good Practices on data quality put up for consultation
There are two new regulatory developments of relevance to banks regarding their crypto asset exposures. Firstly, the Capital Requirements Regulation 3 (CRR3) includes a transitional regime on banks’ direct crypto asset exposures.
Read more New rules for the crypto exposures of banks
The final texts of the Capital Requirements Regulation 3 (CRR3) and the Capital Requirements Delegation 6 (CRD6) were published on 19 June 2024. With this new banking package, the final Basel 3 reforms are implemented in the European Union.
Read more Publication new banking package CRR3/CRD6
