IMF Staff Country Reports

Kingdom of the Netherlands-Netherlands: Publication of Financial Sector Assessment Program Documentation: Detailed Assessment of Observance on Basel Core Principles for Effective Banking Supervision (BCP)

July 25, 2011

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Kingdom of the Netherlands-Netherlands: Publication of Financial Sector Assessment Program Documentation: Detailed Assessment of Observance on Basel Core Principles for Effective Banking Supervision (BCP), (USA: International Monetary Fund, 2011) accessed December 26, 2024

Summary

The major reforms undertaken in the Netherlands with the adoption of the Twin Peaks regulatory structure have ensured that the recommendations from the Basel Core Principles assessment have been acted upon. The legal and regulatory framework for banking supervision conforms to internationally accepted minimum standards. Executive Directors recommend that supervision has to be more “intrusive and conclusive,” and encourage greater use of formal enforcement powers. However, it is recommended that the allocation of supervisory resources according to the potential systemic impact of regulated firms be evaluated.

Subject: Bank supervision, Banking, Basel Core Principles, External audit, Financial regulation and supervision, Legal support in revenue administration, Market risk, Public financial management (PFM), Revenue administration

Keywords: A number of DNB policy, Bank supervision, Basel Core Principles, Central bank, CR, Credit risk, DNB policy, DNB project, DNB rule, DNB staff, Equity capital, Europe, External audit, Financial system, Global, Internal audit, ISCR, Legal support in revenue administration, Market risk, Parent company, Policy rule, Risk assessment, Risk assessment methodology, Risk management, Senior management, Vita project

Publication Details

  • Pages:

    80

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Country Report No. 2011/206

  • Stock No:

    1NLDEA2011008

  • ISBN:

    9781462323395

  • ISSN:

    1934-7685