Kingdom of the Netherlands-Netherlands: Technical Note: The Netherlands Model of Financial Sector Supervision
IMF Staff Country Reports, September 29, 2004
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- Kingdom of the Netherlands-Netherlands: Technical Note: The Netherlands Model of Financial Sector Supervision
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Bibliographic details
- Published: September 29, 2004
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451829495.002
Summary
- This technical note reviews the Model of Financial Sector Supervision for the Kingdom of the Netherlands—Netherlands.
- The Netherlands authorities have invested considerable thought and effort in designing and implementing the new institutional framework.
- The framework of financial sector supervision in the Netherlands is in the process of transformating from a fairly traditional sectoral approach to a cross-sectoral functional approach.
- The IMF expects that the new framework will make an important contribution to ensuring continued effective supervision as the financial system evolves further.
Major findings
- The Netherlands has moved from a fairly traditional sectoral approach toward a cross-sectoral functional approach to financial sector supervision.
- Considerable thought and effort were applied by the Netherlands authorities in designing and implementing the new institutional framework.
- The expected outcome is continued effective supervision as the financial system evolves.
Policy implications and recommendations
- Continue implementation of the new institutional framework to support effective supervision of an evolving financial system.
- Maintain cross-sectoral, functional oversight to address risks spanning multiple financial sectors.
- Sustain investment in institutional design and implementation to preserve supervisory effectiveness over time.
Subjects and keywords (as listed)
- Subjects: Banking, Financial regulation and supervision, Financial sector policy and analysis, Financial sector stability, Financial services, Institutional arrangements for revenue administration, Revenue administration, Revenue administration transparency and accountability
- Keywords: authority, conduct-of-business supervision, CR, DNB-PVK, Europe, Financial sector stability, Institutional arrangements for revenue administration, integrity supervision issue, ISCR, Netherlands, prudential supervision, Revenue administration transparency and accountability, supervision, supervision framework, supervision legislation
Kingdom of the Netherlands-Netherlands: Technical Note: The Netherlands Model of Financial Sector Supervision