Kingdom of Netherlands: Netherlands: Financial System Stability Assessment

Author: International Monetary Fund. Monetary and Capital Markets Department

Volume/Issue: Volume 2011 Issue 144

Publication date: June 2011

ISBN: 9781455287628

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Topics covered in this book

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Banks and Banking , Finance , Public Finance , ISCR , CR , bank resolution operation , insolvent bank , restructuring transaction , financial system , interest rate , holding company , bank resolution , central bank , bank access , pension line , Pension spending , Insurance , Bank resolution , Housing prices , Financial sector stability , Global , Europe

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Summary

The Netherlands has been heavily affected by the global financial crisis. The “Twin Peaks” supervision model, with Netherlands Central Bank - De Nederlandsche Bank (DNB) as the prudential supervisor, and the Authority for Financial Markets (AFM) responsible for conduct-of-business supervision, was severely tested, although the case for the model remains strong. The crisis has shown that these institutions bring sizable risks, which requires careful and comprehensive monitoring and supervision. The findings of the Financial Stability Assessment Program (FSAP) are summarized. Top-down stress tests were conducted. Supervisory colleges are an important innovation to reinforce home-host coordination for supervisors of large complex financial institutions (LCFIs).