© Shutterstock
De Nederlandsche Bank (DNB) assesses incumbent and prospective policymakers, such as management and supervisory board members, for fitness to fulfil their duties and whether their propriety is beyond doubt. In conducting our assessments, we also take any antecedents into account. Even after a policymaker takes office, antecedents relevant to their fitness and/or propriety may arise. This news item is a reminder of the obligation to report new antecedents immediately after an assessment.
Our Open Book on Supervision provides extensive clarification on what we mean by antecedents: Antecedents (dnb.nl).
Fitness and propriety requirements apply to policymakers on an ongoing basis. This means that supervised institutions and the relevant policymakers are obliged to immediately report to DNB any new antecedents that arise after our initial assessment has been completed. We will then evaluate whether the antecedent is a reason to doubt the fitness and/or propriety of the policymaker in question and thus a reason to conduct a reassessment. This is by no means always the case.
If you are in doubt as to whether an event qualifies as an antecedent, apply the rule of thumb that it is better to report too much than too little. When investigating a reported antecedent, we regard full disclosure as a mitigating factor.
Any supervisory measures we have imposed will be known to us. You do not need to report these. However, you are required to report any other formal or informal measures imposed by another supervisory authority, such as the AFM, the ECB, or a foreign supervisory authority.
If you wish to report an antecedent or have any questions, please contact the Expert Centre on Fit & Proper Assessments at toetsing.expertisecentrum@dnb.nl.
DNB is extending the period it will not take enforcement action on the new provisions on the boundary between the banking book and the trading book.
Read more DNB extends period it will not take enforcement action on the boundary between banking book and trading book
De Nederlandsche Bank (DNB) issued an instruction on 29 September 2022 to trust office CIS Management B.V. (CIS) for serious deficiencies in its systematic integrity risk analysis (SIRA). DNB confirmed to CIS on 18 December 2023 that it had sufficiently complied with the instruction.
Read more Instruction issued to trust office CIS Management B.V. for serious shortcomings in its SIRA
We have established that in many cases the quality of prudential reporting has room for improvement. Therefore, we have published good practices on data quality.
Read more Good Practices on data quality put up for consultation
There are two new regulatory developments of relevance to banks regarding their crypto asset exposures. Firstly, the Capital Requirements Regulation 3 (CRR3) includes a transitional regime on banks’ direct crypto asset exposures.
Read more New rules for the crypto exposures of banks
