De Nederlandsche Bank (DNB) is the prudential supervisory authority for the Netherlands and seeks to achieve sound and ethical financial institutions that meet their obligations. The Netherlands Authority for the Financial Markets (AFM) is responsible for market conduct supervision, promoting fair and transparent financial markets. From these perspectives, DNB and the AFM work closely together in the assessment of management and supervisory board members.
For fit and proper assessments of management and supervisory board members of banks and insurance companies, DNB is obliged by law to consult the AFM. DNB and the AFM also work together on fit and proper assessments of management and supervisory board members of other institutions. The two supervisory authorities may decide to attend assessment interviews of the other authority.
DNB and the AFM will each independently assess the candidate on fitness and propriety. If either of these assessments is negative, a negative decision will be issued.
DNB will assess the candidate's reputation and for this purpose it may exchange information 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
