In 2015, DNB assessed over 170 integrity risk analyses of banks, insurance companies, payment institutions, trust offices and pension funds. DNB found over 80% of these analyses to be deficient. In addition, there are many institutions that do not have an integrity risk analyses at all. DNB finds it worrying that this crucial part of operational management is deficient at so many institutions and has consequently decided to provide this good practices document.
The good practices document sets out the steps that financial institutions and pension funds must take in order to develop an effective integrity risk analysis. Not only is an integrity risk analysis required by law, without it institutions are unable to achieve risk-based compliance with integrity legislation. An integrity risk analysis is also a precondition for the adequate development of ethical and sound business operations.
This good practices document explains why an institution should make an integrity risk analysis, how an institution should do this, and which consequences must be attached to the analysis.
In the first quarter of 2021, Dutch pension funds saw their financial position improve again. Due to rising interest rates in financial markets, the value of aggregate liabilities fell EUR 111 billion to EUR 1,576 billion, outstripping the EUR 15 billion decline in aggregate assets to EUR 1,676....
Read more Dutch pension funds’ financial position improved
On Tuesday 28th May from 3:00-4:45 PM CET DNB will organize an online information session about fit and proper assessments.
Read more Information session about fit and proper assessments DNB
De Nederlandsche Bank (DNB) is looking forward to hosting its annual seminar on the deposit guarantee scheme (DGS) with the theme “Navigating New Horizons: Exploring the Future of the Dutch Deposit Guarantee”. The seminar will be held on Wednesday 5 June 2024.
Read more Deposit guarantee scheme (DGS) seminar: “Navigating New Horizons: Exploring the Future of the Dutch Deposit Guarantee
On 14 July 2023, De Nederlandsche Bank (DNB) imposed an order subject to penalty on Payward International Markets Limited (Payward International), operating under the trade name Kraken.
Read more Order subject to penalty imposed on Payward International Markets Limited for offering crypto services in the Netherlands without registration
