Kingdom of the Netherlands-Netherlands: Financial Sector Assessment Program:: Technical Note-Insurance and Pension Sectors

International Monetary Fund

No 2017/094, IMF Staff Country Reports from International Monetary Fund

Abstract: This Technical Note discusses the findings and recommendations in the Financial Sector Assessment Program for the Netherlands on the insurance and pension sectors. The governance, accountability, and internal processes of the supervisors, operating under a well-functioning twin-peaks model, are robust. With two-tier boards that include independent members, and an internal audit department, the governance structure of both supervisors is vigorous. Detailed documentation supports the internal processes. Discussions are underway to determine a new structure for the pension system, which may include shifting risks to the participants.

Keywords: ISCR; CR; holding company; coverage ratio; interest rate; occupational pension; fixed income; Solvency II; risk assessment; financial product; Pension spending; Insurance companies; Solvency; Insurance; Pensions; Global (search for similar items in EconPapers)
Pages: 91
Date: 2017-04-13
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