Kingdom of the Netherlands-Netherlands: Publication of Financial Sector Assessment Program Documentation: Detailed Assessment of Observance on Basel Core Principles for Effective Banking Supervision (BCP)
IMF Staff Country Reports, July 25, 2011
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- Kingdom of the Netherlands-Netherlands: Publication of Financial Sector Assessment Program Documentation: Detailed Assessment of Observance on Basel Core Principles for Effective Banking Supervision (BCP)
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Bibliographic details
- Published: July 25, 2011
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781462323395.002
Executive summary and key findings
- Major reforms in the Netherlands with the adoption of the Twin Peaks regulatory structure have ensured that the recommendations from the Basel Core Principles assessment have been acted upon.
- The legal and regulatory framework for banking supervision conforms to internationally accepted minimum standards.
- Executive Directors recommend that supervision has to be more “intrusive and conclusive,” and encourage greater use of formal enforcement powers.
- It is recommended that the allocation of supervisory resources according to the potential systemic impact of regulated firms be evaluated.
Policy recommendations and supervisory priorities
- Increase the intrusiveness and conclusiveness of supervisory activity.
- Make greater use of formal enforcement powers.
- Evaluate and potentially reallocate supervisory resources according to the potential systemic impact of regulated firms.
Subject areas and keywords (as listed)
- Subject: Bank supervision; Banking; Basel Core Principles; External audit; Financial regulation and supervision; Legal support in revenue administration; Market risk; Public financial management (PFM); Revenue administration
- Keywords: a number of DNB policy; Bank supervision; Basel Core Principles; central bank; CR; credit risk; DNB policy; DNB project; DNB rule; DNB staff; equity capital; Europe; External audit; financial system; Global; internal audit; ISCR; Legal support in revenue administration; Market risk; parent company; Policy rule; risk assessment; risk assessment methodology; risk management; senior management; vita project