Kingdom of the Netherlands-Netherlands: Publication of Financial Sector Assessment Program Documentation: Technical Note on Crisis Management and Bank Resolution Frameworks
IMF Staff Country Reports, July 25, 2011
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- Kingdom of the Netherlands-Netherlands: Publication of Financial Sector Assessment Program Documentation: Technical Note on Crisis Management and Bank Resolution Frameworks
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Bibliographic details
- Published: July 25, 2011
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781462322404.002
Overview
- The global financial crisis hit the Netherlands' financial sector hard.
- This note analyzes the Dutch framework for crisis management and bank resolution, and formululates recommendations to address observed weaknesses.
- The overall framework for official financial support to stem systemic crisis is appropriate.
- The current framework for resolving ailing banks in going could be strengthened considerably.
- The framework for the orderly liquidation of banks could be strengthened and fine-tuned.
- The deposit guarantee scheme (DGS) has a number of helpful characteristics, but could be significantly enhanced.
Key findings
- The global financial crisis hit the Netherlands' financial sector hard.
- The overall framework for official financial support to stem systemic crisis is appropriate.
- The current framework for resolving ailing banks in going could be strengthened considerably.
- The framework for the orderly liquidation of banks could be strengthened and fine-tuned.
- The deposit guarantee scheme (DGS) has a number of helpful characteristics, but could be significantly enhanced.
Recommendations and analysis scope
- The note formulates recommendations to address observed weaknesses in the Dutch crisis management and bank resolution frameworks.
- Areas identified for strengthening:
- Framework for resolving ailing banks in going.
- Framework for orderly liquidation of banks.
- Enhancements to the deposit guarantee scheme (DGS).