Kingdom of the Netherlands-Netherlands: Financial Sector Assessment Program:: Technical Note-Insurance and Pension Sectors
IMF Staff Country Reports, April 13, 2017
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- Kingdom of the Netherlands-Netherlands: Financial Sector Assessment Program:: Technical Note-Insurance and Pension Sectors
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Bibliographic details
- Published: April 13, 2017
- Series: IMF Staff Country Reports
Summary and scope
- Discusses findings and recommendations in the Financial Sector Assessment Program for the Netherlands on the insurance and pension sectors.
- Focus areas include governance, accountability, and internal processes of supervisors operating under a twin-peaks model, and ongoing discussions on restructuring the pension system.
Governance, accountability, and supervisory structure
- Supervisory model: well-functioning twin-peaks model.
- Board structure:
- Two-tier boards that include independent members for both supervisors.
- An internal audit department exists within the supervisors.
- Internal processes:
- Detailed documentation supports internal processes.
- The governance structure of both supervisors is described as vigorous.
Pension system discussions and risk allocation
- Policy discussions:
- Discussions are underway to determine a new structure for the pension system.
- The contemplated changes may include shifting risks to the participants.
Subject areas and keywords
- Subject classifications:
- Expenditure, Financial institutions, Financial sector policy and analysis, Insurance, Insurance companies, Labor, Pension spending, Pensions, Solvency.
- Keywords:
- coverage ratio, CR, financial product, fixed income, Global, holding company, Insurance, Insurance companies, interest rate, ISCR, occupational pension, Pension spending, Pensions, risk assessment, Solvency, Solvency II.
Content in this bundle
- Country Report