{
  "title": "Kingdom of the Netherlands-The Netherlands: Financial Sector Assessment Program- Technical Note on Supervision and Disclosure of Climate-Related Risks",
  "publication": "IMF Staff Country Reports, June 18, 2024",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2024/06/17/kingdom-of-the-netherlands-the-netherlands-financial-sector-assessment-program-technical-550598",
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  "summary": "This paper presents a technical note on supervision and disclosure of climate-related risks in The Netherlands. Similar to other jurisdictions, the integration of climate-related risks into supervisory processes in the Netherlands faces various challenges.",
  "sections": [
    {
      "heading": "Executive summary and scope",
      "content": "- Presents a technical note on supervision and disclosure of climate-related risks in The Netherlands.\n- Focuses on supervision of banking and insurance activities conducted in the Netherlands with a direct bearing on its financial stability.\n- Publication date: June 18, 2024.\n- Pages: 38; Volume: 2024; Issue: 172; Series: Country Report No. 2024/172.\n- DOI: https://doi.org/10.5089/9798400280061.002\n- Stock No: 1NLDEA2024008; ISBN: 9798400280061; ISSN: 1934-7685."
    },
    {
      "heading": "Key findings on current supervisory practice",
      "content": "- Integration of climate-related risks into supervisory processes in the Netherlands faces various challenges, similar to other jurisdictions.\n- Supervision has been proactive in:\n  - researching exposures to climate-related risks;\n  - designing tools to assess how financial institutions identify, monitor, and manage these risks.\n- Supervisors have been gradually developing approaches and methodologies to support the supervisory process.\n- Many initiatives and projects from Dutch supervisors have been influential in the international debate on climate risk supervision."
    },
    {
      "heading": "Identified gaps and necessary developments",
      "content": "- Authorities need to translate strategic measures into a concrete roadmap to ensure that the process of setting up climate risk supervision is systematic and continues at a sufficiently ambitious pace.\n- Going forward, climate risk supervision must strengthen:\n  - quantitative tools;\n  - data sets."
    },
    {
      "heading": "Principal recommendations (summary)",
      "content": "- Enhance the supervision of banking and insurance activities in the Netherlands by:\n  - converting strategic measures into a concrete, time-bound roadmap for climate risk supervision;\n  - expanding and strengthening quantitative supervisory tools for climate risk assessment;\n  - improving data collection and data sets to support quantitative analysis and monitoring;\n  - continuing development of methodologies and approaches to integrate climate risks into supervisory processes."
    },
    {
      "heading": "Subject areas and keywords",
      "content": "- Subject: Climate change, Climate finance, Environment, Financial institutions, Insurance companies, International organization, Monetary policy, Natural disasters.\n- Keywords: Climate change, Climate finance, climate risk analysis, Global, Insurance companies, Natural disasters, nitrogen in the Netherlands, Rijksdienst voor Ondernemend Nederland, solvency ASSESSMENT, staff team of the International Monetary Fund.\n\nSource: IMF Staff Country Reports — \"Kingdom of the Netherlands-The Netherlands: Financial Sector Assessment Program- Technical Note on Supervision and Disclosure of Climate-Related Risks\", June 18, 2024.\n\n---\n\n Content in this bundle\n\n- Technical Note — Netherlands: Climate-Related Risks in Banks and Insurers\n  - Technical Note — Netherlands: Climate-Related Risks in Banks and Insurers (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Technical Note — Netherlands: Climate-Related Risks in Banks and Insurers (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: June 18, 2024",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9798400280061.002",
    "Presents a technical note on supervision and disclosure of climate-related risks in The Netherlands.",
    "Focuses on supervision of banking and insurance activities conducted in the Netherlands with a direct bearing on its financial stability.",
    "Publication date: June 18, 2024.",
    "Pages: 38; Volume: 2024; Issue: 172; Series: Country Report No. 2024/172.",
    "DOI: https://doi.org/10.5089/9798400280061.002",
    "Stock No: 1NLDEA2024008; ISBN: 9798400280061; ISSN: 1934-7685.",
    "Integration of climate-related risks into supervisory processes in the Netherlands faces various challenges, similar to other jurisdictions.",
    "Supervision has been proactive in:",
    "Supervisors have been gradually developing approaches and methodologies to support the supervisory process.",
    "Many initiatives and projects from Dutch supervisors have been influential in the international debate on climate risk supervision.",
    "Authorities need to translate strategic measures into a concrete roadmap to ensure that the process of setting up climate risk supervision is systematic and continues at a sufficiently ambitious pace.",
    "Going forward, climate risk supervision must strengthen:",
    "Enhance the supervision of banking and insurance activities in the Netherlands by:",
    "Subject: Climate change, Climate finance, Environment, Financial institutions, Insurance companies, International organization, Monetary policy, Natural disasters.",
    "Keywords: Climate change, Climate finance, climate risk analysis, Global, Insurance companies, Natural disasters, nitrogen in the Netherlands, Rijksdienst voor Ondernemend Nederland, solvency ASSESSMENT, staff team of the International Monetary Fund.",
    "**Technical Note — Netherlands: Climate-Related Risks in Banks and Insurers**"
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