Kingdom of the Netherlands—Netherlands: Detailed Assessment of Standards and Codes

IMF Staff Country Reports, September 29, 2004

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Kingdom of the Netherlands—Netherlands: Detailed Assessment of Standards and Codes

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Bibliographic details

• Published: September 29, 2004
• Series: IMF Staff Country Reports
• DOI: https://doi.org/10.5089/9781451829488.002

Overview

• This Detailed Assessment reviews Basel Core Principles for effective banking supervision for the Kingdom of the Netherlands—Netherlands.
• Because of the highly developed nature of the Netherlands insurance market and the large exposure to international financial activities, the assessment addresses both essential and advanced criteria underpinning each core principle.
• The authorities in the Netherlands are actively pursuing a number of legislative and supervisory initiatives that hold the potential to materially improve the level of observance.

Major findings

• The assessment applies the Basel Core Principles framework and explicitly comments on both essential and advanced criteria due to:
  • the highly developed Netherlands insurance market; and
  • large exposure to international financial activities.
• Ongoing legislative and supervisory initiatives by Dutch authorities are identified as having material potential to improve observance of the Core Principles.

Coverage and thematic scope

• Subject areas included in the assessment:
  • Anti-money laundering and combating the financing of terrorism (AML/CFT)
  • Banking
  • Crime
  • Financial institutions
  • Insurance companies
  • Legal support in revenue administration
  • Money laundering
  • Revenue administration
  • Securities

Keywords and focus elements

• Keywords provided in the source:
  • Anti-money laundering and combating the financing of terrorism (AML/CFT)
  • banking group
  • business plan
  • central bank
  • CR
  • credit system
  • Europe
  • Global
  • Insurance companies
  • ISCR
  • issued share
  • Legal support in revenue administration
  • Money Laundering
  • parent company
  • Securities
  • Western Europe

Publication note

• Format indicated on the landing page: IMF Staff Country Reports; publication date: September 29, 2004.

Source: International Monetary Fund; September 29, 2004.

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• Cr04310
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  • Cr04310 (PDF)