Kingdom of the Netherlands-The Netherlands: Financial Sector Assessment Program- Technical Note on Systemic Risk Analysis

Author: International Monetary Fund. Monetary and Capital Markets Department

Volume/Issue: Volume 2024 Issue 174

Publication date: June 2024

ISBN: 9798400280221

$20.00

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Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Finance , Money and Monetary Policy , Public Finance , International - Economics , solvency-liquidity analysis , insurance solvency stress test , pension fund liquidity risk analysis , coverage ratio , Si liquidity stress test , pension fund solvency analysis , Mortgages , Stress testing , Loans , Housing prices , Pension spending , Global , Europe

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Summary

The Netherlands has a large financial system. The system’s assets are roughly eight times the Gross Domestic Product (GDP) of the Netherlands. Banks account for about one third of the financial system and 253 percent of GDP as of 2023Q2. Occupational pension funds are among the largest globally, at 142 percent of GDP. The insurance sector, in particular life insurance, has been undergoing consolidation, and stands at about 43 percent of GDP. Other financial institutions have grown significantly to surpass banks in size, reflecting responses to Brexit and financial innovation. The Dutch financial system is deeply interconnected domestically and with the rest of the world.