When assessing someone's reputation, De Nederlandsche Bank (DNB) evaluates a natural person's propriety and professional competence.
We conduct a reputation assessment if a natural person acquires or increases a qualifying holding in a financial enterprise which requires us to issue a declaration of no-objection (DNO). DNB assesses the reputation of the day-to-day policymakers of the legal entity requesting the DNO.
We perform reputation assessments based on the information provided by the natural person to be assessed, and our review of that information. A reputation assessment not only involves an evaluation of a person's propriety but also of someone's professional competence. We make a further distinction between management competence and technical competence.
Management competence largely depends on experience in acquiring and managing holdings, and the careful consideration observed in the process. Technical competence is mostly evident through experience in leading a financial enterprise as a majority shareholder or as someone who has effectively managed a financial enterprise. The experience must also show proof of exercising due care.
Other than with propriety, the assessment of professional competence will take into account the level of influence of the DNO applicant in the financial enterprise.
The reputation assessment is based on European regulations aimed at harmonising the assessment of acquisitions and increases of qualifying holdings in the financial sector.
News item supervision
DNB is raising the countercyclical capital buffer (CCyB) from 1.0% to 2.0%. The requirement will apply to all banks – both Dutch and foreign – that have loans outstanding in the Netherlands.
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Statistical news release
Dutch investors started off well in 2023 – in the first quarter, the value of investments held by Dutch households increased by €7.8 billion. Despite the turmoil in financial markets, Dutch households also invested more in equities and bonds issued by banks.
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News item supervision
Did you know that you can track the status of your assessment application in My DNB? As of 11 May 2023 you can see the status of your assessment application in My DNB – Supervisory Applications Service.
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