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.
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
DNB has reviewed the identification and buffer requirements for systemically important banks and maintains the current requirements.
Read more DNB maintains buffers for systemically important banks
On 22 October 2024, De Nederlandsche Bank (DNB) imposed an administrative fine of €2,250,000 on Bybit Fintech Limited (Bybit). The fine was imposed because Bybit provided crypto services in the Netherlands without the legally required registration with DNB, which is against the law.
Read more Fine for Bybit Fintech Limited for offering crypto services in the Netherlands without the legally required registration until September 2023
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
