23 February 2017
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.