Kingdom of the Netherlands-Netherlands: Financial Sector Assessment Program: PDF Download
Are you looking for read ebook online? Search for your book and save it on your Kindle device, PC, phones or tablets. Download Kingdom of the Netherlands-Netherlands: Financial Sector Assessment Program: PDF full book. Access full book title Kingdom of the Netherlands-Netherlands: Financial Sector Assessment Program: by International Monetary Fund. Monetary and Capital Markets Department. Download full books in PDF and EPUB format.
Author: International Monetary Fund. Monetary and Capital Markets Department
Publisher: International Monetary Fund
ISBN: 1475593961
Category : Business & Economics
Languages : en
Pages : 32
Get Book
Book Description
This Technical Note discusses the findings and recommendations in the Financial Sector Assessment Program for the Netherlands on the macroprudential policy framework. The authorities have strengthened the institutional arrangement for macroprudential policy by enhancing the Netherlands Bank’s legal mandate and establishing the Financial Stability Committee, but there is room for improvement. The authorities’ analysis of systemic vulnerabilities is sophisticated and timely. The authorities have been using the range of macroprudential instruments at their disposal, but further tightening will be necessary to contain a potential buildup of systemic risk in the financial system.
Author: International Monetary Fund. Monetary and Capital Markets Department
Publisher: International Monetary Fund
ISBN: 1475593961
Category : Business & Economics
Languages : en
Pages : 32
Get Book
Book Description
This Technical Note discusses the findings and recommendations in the Financial Sector Assessment Program for the Netherlands on the macroprudential policy framework. The authorities have strengthened the institutional arrangement for macroprudential policy by enhancing the Netherlands Bank’s legal mandate and establishing the Financial Stability Committee, but there is room for improvement. The authorities’ analysis of systemic vulnerabilities is sophisticated and timely. The authorities have been using the range of macroprudential instruments at their disposal, but further tightening will be necessary to contain a potential buildup of systemic risk in the financial system.
Author: International Monetary Fund. Monetary and Capital Markets Department
Publisher: International Monetary Fund
ISBN:
Category : Business & Economics
Languages : en
Pages : 57
Get Book
Book Description
Macroprudential policy in the Netherlands has centered on the residential real estate (RRE) market given the importance of this market for households, banks, and insurers. RRE represents nearly 50 percent of total household assets, and housing loans account for about 85 percent of total household liabilities, more than half of Dutch banks’ domestic loan portfolio, and 15 percent of insurers’ assets. Authorities have therefore actively used RRE-related macroprudential tools, such as banks’ capital risk weighting of residential mortgage loans, limits on loan-to-value (LTV) and debt service-to-income (DSTI) ratios for mortgages, or mortgage interest deductibility from taxes (MID).
Author: International Monetary Fund. Monetary and Capital Markets Department
Publisher: International Monetary Fund
ISBN: 1475594445
Category : Business & Economics
Languages : en
Pages : 54
Get Book
Book Description
The financial resilience of banks has been strengthened in recent years and banks are benefiting from continuing economic recovery. Broad-based economic recovery is helping to stimulate demand for credit, although credit growth remains slow, and unemployment continues to fall. Housing markets have started to recover since 2013 with prices and transaction volumes picking up. There has been an improvement in the financial position of Dutch banks: cost efficiency has improved and profitability has recovered. The banks' migration to the new Basel III standards is also well under way for capital adequacy and liquidity. Nonetheless, the outlook is challenging with greater competition, a low interest rate environment, and potential pressure on capital buffers from future regulatory changes.
Author: International Monetary Fund. Monetary and Capital Markets Department
Publisher: International Monetary Fund
ISBN:
Category : Business & Economics
Languages : en
Pages : 39
Get Book
Book Description
Regulation of securities and derivatives markets in the European Union (EU) has changed materially since the last Netherlands FSAP, with further reforms underway. Major reforms for securities and derivatives trading were implemented through Markets in Financial Instruments Directive and Regulation II (MiFID II) in 2018, and revisions agreed in 2023 will bring further changes in the coming years, including plans to support greater consolidation of transaction data. In asset management, the Alternative Investment Fund Managers Directive (AIFMD) review is incorporating among other changes enhanced provisions on liquidity management, and for Undertakings for Collective Investment in Transferable Securities (UCITS) a new regulatory regime for depositories was put in place.
Author: International Monetary Fund. Monetary and Capital Markets Department
Publisher: International Monetary Fund
ISBN: 1475593929
Category : Business & Economics
Languages : en
Pages : 31
Get Book
Book Description
This Technical Note discusses the findings and recommendations in the Financial Sector Assessment Program for the Netherlands on regulation, supervision, and oversight of financial market infrastructures (FMIs), whose supervision has been significantly strengthened in recent years. Good progress has been made to ensure that FMIs across the European Union, including in the Netherlands, are subject to a common regulatory framework. It is suggested that the Dutch central bank review the allocation of resources across various FMIs. The European Central Counterparty N.V. should also prioritize recruitment of a third Management Board member to ensure an effective board.
Author: International Monetary Fund. Monetary and Capital Markets Department
Publisher: International Monetary Fund
ISBN:
Category : Business & Economics
Languages : en
Pages : 51
Get Book
Book Description
The Netherlands is exposed to both physical and transition risks from climate change. Due to unique geographic factors, about 60 percent of the land surface in the Netherlands is vulnerable to flooding from the sea and the large rivers, with nearly 26 percent of the land surface below sea level. Also, the Netherlands has high levels of nitrogen depositions from agriculture and transportation, exceeding the critical value set by EU Directives.
Author: International Monetary Fund. Monetary and Capital Markets Department
Publisher: International Monetary Fund
ISBN:
Category : Business & Economics
Languages : en
Pages : 105
Get Book
Book Description
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.
Author: International Monetary Fund. Monetary and Capital Markets Department
Publisher: International Monetary Fund
ISBN: 1475593910
Category : Business & Economics
Languages : en
Pages : 77
Get Book
Book Description
This Technical Note discusses the findings and recommendations of the Financial Sector Assessment Program for the Netherlands regarding auditor oversight, collective investment fund management, and regulatory issues. The legal regime and the day-to-day supervision activities conducted by the Netherlands Authority for the Financial Markets and the Dutch central bank are extensive and consistent with international expectations. The approach to the supervision of the small but growing crowd-funding sector strikes a fair balance between enhancing innovation and protecting investors. The Dutch regime for audits and auditor oversight also complies with the expectations of the International Organization of Securities Commissions and appears to work well in practice.
Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN: 1455287628
Category : Business & Economics
Languages : en
Pages : 67
Get Book
Book Description
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).
Author: International Monetary Fund. Monetary and Capital Markets Department
Publisher: International Monetary Fund
ISBN:
Category : Business & Economics
Languages : en
Pages : 45
Get Book
Book Description
Supervision of less significant institutions (LSIs) is effective in the Netherlands. The De Nederlandsche Bank’s (DNB) supervisory approach to LSI supervision is intrusive and transparent. It builds on well-developed supervisory tools which support strategically focused, ongoing supervisory dialogue with banks. The supervisory framework blends the robust SSM/EU framework with Dutch elements, enriching the spectrum of supervisory techniques and tools. The LSI supervisory capacity is founded in a solid knowledge base of a broader DNB and it is used to cover critical topics, which include, (i) comprehensive and thorough assessments of risk managements’ outcomes, (ii) deep dives into governance, behavior and culture and (iii) the development of the nature risk agenda. DNB and the Autoriteit Financiële Markten (AFM), a conduct supervisor, cooperate very closely while complementing prudential and conduct supervision, to tackle central issues, including Interest-Only (IO) Mortgages. DNB’s LSI supervision also factors-in macroprudential deliverables. Furthermore, the supervisory process relies on strong enforcement and thorough licensing processes, on side of DNB. A vigorous governance of DNB’s LSI supervision includes 2nd and 3rd lines of defense.
