Banks and insurers themselves decide whether the managers among their second-tier senior officers are suited to their positions. Suitability implies that these managers display sufficient knowledge, skills and professional behaviour to properly perform their duties. Institutions are expected to draft a suitability assessment for all managers they screen.
Second-tier senior officers are assessed on the basis of their job profiles, and it should take no more than one sheet of paper to describe why they are suitable for their position. The assessment should demonstrate that they have the knowledge, experience and competences described in the profile, as well as that they fit in with the institution’s situation. The suitability assessment does not need to be sent to DNB.
We may check the process set-up at the institution as well as perform sample tests to check the quality of its assessment. In some cases we may decide to perform our own suitability screening.
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 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
On 30 September 2024, DNB published the amendments to the two policy rules for the deposit guarantee scheme (DGS). These amendments were publicly consulted in June 2024.
Read more Adoption of the 2024 amendments to the Policy Rules for the Deposit Guarantee Scheme
