When assessing fitness, De Nederlandsche Bank (DNB) determines whether a candidate has sufficient relevant knowledge and skills and displays the required professional behaviour to perform the job. We establish this based on education, work experience and competencies.
Fitness assessments are performed as part of all proposed appointments of management or supervisory board members at supervised institutions, or if incumbent management or supervisory board members change position or remit within the same institution. Fitness assessments are specific to the position. This means that the assessment considers i) the specific position of the candidate ii) the nature, size, complexity and risk profile of the institution and iii) the composition and functioning of the board as a whole.
Fitness is assessed based on the information provided by the institution and an assessment by DNB.
Liability-Driven Investment funds (LDI funds) mainly invest in long-term government bonds and long-term interest rate derivatives. The use of these interest rate derivatives exposes LDI funds to liquidity risks in case of large interest rate fluctuations.
Read more Limited liquidity risks in Euro LDI funds
On June 6th, DNB started the public consultation of the 2024 amendment round of the Deposit Guarantee Scheme (DGS) Policy Rules for banks. Parties are requested to submit responses to the consultation to DNB by 19 July at the latest.
Read more Start consultation amendments DGS Policy Rules 2024
This week, the European Supervisory Authorities (EBA, EIOPA and ESMA – ESAs) have published their final reports on greenwashing in the financial sector.
Read more European Supervisory Authorities publish reports on greenwashing in the financial sector
De Nederlandsche Bank (DNB) imposed an administrative fine of €15,810 on investment firm Black Swan Capital B.V. (BSC) on 21 May 2024, for failing to hold sufficient own funds from the year-end 2019 until 21 July 2023.
Read more Fine imposed on Black Swan Capital for failure to hold sufficient own funds
