Starting January 9, 2025, DNB will request information on potential conflicts of interest through the fit and proper assessments application form.
© DNB
The questions apply to policymakers and members of supervisory bodies in sectors such as banks, payment institutions, insurers, electronic money institutions, and various types of holding companies that are subject to assessment.
For an efficient assessment process, it is important that this information is provided at the time of the application. This supports DNB in its decision-making process.
This information request aligns DNB with the assessment practices of the European Central Bank (ECB), which already requests information on conflicts of interest as standard practice through the assessment application form. The new procedure avoids the need to request this information through an additional information request, thereby contributing to shorter processing times for assessments.
The questions on conflicts of interest relate to potential personal, business, and financial conflicts of interest of the appointee. In the case of a (potential) conflict of interest, we ask the institution to provide an explanation and describe the mitigating measures taken. This helps to ensure transparency and integrity within the financial sector and to identify and mitigate potential risks in a timely manner.
Further explanation of the questions on conflicts of interest can be found in the initial assessment application form, which is available through My DNB Supervision Services.
For questions or comments about the additional questions on conflicts of interest, please contact the DNB Expert Centre on Fit & Proper Assessments at toetsing.expertisecentrum@dnb.nl.
On 24 January 2024, the European Commission published its plans for the revision of the European macroprudential framework for banks. An important theme within this evaluation is the usability of capital buffers during a crisis.
Read more Ministry of Finance and DNB make recommendations for a more consistent use of the Countercyclical Capital Buffer in Europe
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. DNB is required to determine the height of the CCyB on a quarterly basis.
Read more DNB maintains Countercyclical Capital Buffer at 2% – December 2024
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
