DNB and the AFM work together in preparing and aligning their fit and proper assessments and assessment interviews.
For significant institutions, the ECB's procedures must be adhered to. As described above, DNB and the AFM work together in preparing and aligning their fit and proper assessments and assessment interviews. The ECB takes the final decision, based on the findings of the joint supervisory team (JST).
DNB will present the ECB with a draft decision, taking into account the AFM's recommendation. The ECB takes the final decision. The ECB will deviate from the national supervisory authority's draft decision only in exceptional cases.
Fit and proper assessments for non-significant institutions take place in the usual consultation with the AFM.
Payment service providers must comply with a number of new obligations under the Instant Payments Regulation, which DNB will monitor. We list the most important obligations below.
Read more Instant Payments Regulation: new obligations
DNB has recently amended the suitability matrix for banks, insurers, payment institutions, investment holding companies, exchange institutions, electronic money institutions, central clearing counterparties, clearing institutions and payment processing service providers.
Read more Update suitability matrix fit and proper assessments
On 22 January 2025, De Nederlandsche Bank (DNB) imposed an administrative fine of €5 million on de Volksbank N.V. (de Volksbank) for serious shortcomings in its anti-money laundering controls.
Read more Fine for de Volksbank N.V. for deficient anti-money laundering controls
On 22 January 2025, De Nederlandsche Bank (DNB) imposed an administrative fine of €15 million on de Volksbank N.V. (de Volksbank). The fine was imposed because, at least during the period under review, between 2018 and 2023...
Read more Administrative fine for de Volksbank N.V. for failure to ensure sound business operations