In a reputation assessment, De Nederlandsche Bank (DNB) evaluates a natural person's integrity 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). This involves assessing the track record of the day-to-day policymakers of the legal entity requesting the DNO.
From 1 July 2023, under the Act amending the Financial Markets Act (Wijzigingswet financiële markten 2022), holders of a DNO will be subject to an ongoing reputation requirement. This means that as of that date, reputation assessments will also be required after the DNO has been granted. From 1 July 2023, new policymakers at holders of a qualifying holding will be subject to a reputation assessment, which not only evaluates their integrity but also their professional competence.
We perform reputation assessments based on the information provided by the natural person to be assessed, and our evaluation of that information. A reputation assessment not only involves an evaluation of a person's integrity and propriety, but also of their professional competence. In assessing competence, we distinguish between management competence and technical competence.
Management competence largely depends on experience in acquiring and managing holdings, and the individual's conscientiousness 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 attest to the exercise of due care.
Contrary to integrity assessments, assessments of professional competence also 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.
The European Banking Authority (EBA) has conducted its five-yearly evaluation of the stress tests of seven European Deposit Guarantee Schemes (DGSs) from Austria, Belgium, Finland, Italy, Latvia, Poland and Spain.
Read more EBA peer review on stress tests of European Deposit Guarantee Schemes
After almost two decades of contraction, outstanding Dutch securitisations sold to investors increased substantially in 2024, new figures from DNB show. Net growth was €3.1 billion (12%) to €29.2 billion, still considerably less than 20 years ago.
Read more Significant growth in securitisations in 2024 after years of contraction
Thanks to the efforts of De Nederlandsche Bank (DNB) and the Dutch banking sector, public awareness of the Dutch Deposit Guarantee continues to grow year on year.
Read more Public awareness of the Dutch Deposit Guarantee grows to 68%
On 31 May 2023, DNB announced an increase of the countercyclical capital buffer (CCyB) to 2%. Banks with loans outstanding in the Netherlands must comply with this requirement since 31 May 2024.
Read more DNB maintains Countercyclical Capital Buffer at 2% – March 2024