Kingdom of Netherlands: Netherlands: Financial System Stability Assessment

International Monetary Fund

No 2011/144, IMF Staff Country Reports from International Monetary Fund

Abstract: 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).

Keywords: 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 (search for similar items in EconPapers)
Pages: 67
Date: 2011-06-21
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