Kingdom of the Netherlands—The Netherlands: Financial Sector Assessment Program—Technical Note on Banking Supervision
IMF Staff Country Reports, June 18, 2024
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- Kingdom of the Netherlands—The Netherlands: Financial Sector Assessment Program—Technical Note on Banking Supervision
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Bibliographic details
- Published: June 18, 2024
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9798400279362.002
Executive summary and main findings
- Supervision of less significant institutions is effective in the Netherlands.
- The Financial Sector Assessment Program (FSAP) encourages De Nederlandsche Bank (DNB) to maintain its proactive and creative approach and proposes some extensions to solidify this practice.
- DNB and the Autoriteit Financiële Markten should continue the rigorous practice in IO Mortgage supervision.
- Supervision must reflect a changing market landscape and rapid deployment of new technologies.
Supervisory quality and priorities
- Continue proactive and creative supervisory approach at DNB; consider extensions to solidify practices.
- Maintain rigorous IO Mortgage supervision jointly with the Autoriteit Financiële Markten.
- Emphasize the quality of inputs for banks’ risk management:
- updated clients’ disposable incomes
- collaterals’ values
- Motivate banks to improve:
- risk controls
- the data aggregation process
Risks and evolving landscape
- Supervisory frameworks need to adapt to a changing market landscape.
- Rapid deployment of new technologies requires supervisory reflection and possible adaptation of approaches and tools.
Policy recommendations (enumerated)
- DNB should maintain its proactive and creative supervisory stance and implement proposed extensions to strengthen that stance.
- DNB and the Autoriteit Financiële Markten should sustain rigorous IO Mortgage supervision.
- Place greater emphasis on the quality and timeliness of inputs used in banks’ risk management, specifically updated clients’ disposable incomes and collaterals’ values.
- Encourage and motivate banks to:
- strengthen risk controls
- enhance data aggregation and data quality processes
- Align supervision with technological developments and market changes to preserve effective oversight.
Key publication metadata and identifiers
- Date: June 18, 2024
- Pages: 45
- Volume: 2024
- Issue: 168
- DOI: https://doi.org/10.5089/9798400279362.002
- ISBN: 9798400279362
- ISSN: 1934-7685
International Monetary Fund. "Kingdom of the Netherlands-The Netherlands: Financial Sector Assessment Program- Technical Note on Banking Supervision", IMF Staff Country Reports No. 2024/168, June 18, 2024.
Content in this bundle
- Executive Summary