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New Architectures in the Regulation and Supervision of Financial Markets and Institutions: The Netherlands

Henriette Prast () and Iman Lelyveld

DNB Working Papers from Netherlands Central Bank, Research Department

Abstract: In recent years, several European Union member states have modified the institutional design offinancial supervision. These reforms pose the question which considerations have led to the different models chosen in these countries. We analyse the considerations in the Netherlands leading to the choice in 2002 of the twin -peaks model of financial supervision. The new model is based on the objectives of supervision. Thus, a separate authority is responsible for conduct-ofbusiness supervision, whereas a merged central bank and pensions and insurance board take care of prudential supervision. The authorities share responsibility for financial integrity issues. The main conclusion of this paper is that the size, composition and structure of the financial sector in the Netherlands constitute the main rationale behind the choice for a twin-peaks model of financial supervision.

Keywords: financial supervision; institutions; single supervisor; financial conglomerates (search for similar items in EconPapers)
JEL-codes: G18 G28 N24 (search for similar items in EconPapers)
Date: 2004-12
New Economics Papers: this item is included in nep-his, nep-mon and nep-reg
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Persistent link: https://EconPapers.repec.org/RePEc:dnb:dnbwpp:021

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