Kingdom of the Netherlands-Netherlands: Financial Sector Assessment Program:: Technical Note-Financial Safety Nets-Managing Problem Banks and Systemic Banking Crises

IMF Staff Country Reports, April 13, 2017

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Canonical URL: Kingdom of the Netherlands-Netherlands: Financial Sector Assessment Program:: Technical Note-Financial Safety Nets-Managing Problem Banks and Systemic Banking Crises

This Technical Note discusses the findings and recommendations made in the Financial Sector Assessment Program for the Netherlands in the areas of managing problem banks and systemic banking crises.
Significant progress has been made toward implementing the Banking Union, although key aspects have not yet been completed.
The Single Resolution Board (SRB), which assumed responsibility in January 2016, remains in start-up mode, and the Dutch central bank provides substantial support to Dutch banks.
The complex decision-making structure of the SRB may impede timely decision making when it comes to resolution.
The adequacy of financial safety nets remains a concern.

Progress toward implementing the Banking Union is significant but incomplete.
The SRB assumed responsibility in January 2016 and is in start-up mode.
The Dutch central bank provides substantial support to Dutch banks.
The SRB has a complex decision-making structure that may impede timely resolution decisions.
Financial safety nets are currently inadequate and remain a concern.

Subject: Bank resolution, Bank resolution framework, Banking, Bridge bank, Crisis management, Deposit insurance, Financial crises, Systemic crises
Keywords: aid framework, Asia and Pacific, bank bail-in, Bank resolution, Bank resolution framework, Bridge bank, CR, Crisis management, DNB board, DNB effort, DNB supervisor, ECB's ability, express authority, financial support, ISCR, NRA team, problem bank, Resolution authorities, resolution authority, resolution framework, resolution planning, SRB decision, SRB guidance, State aid, State support, Systemic crises