Statutory requirements apply to cash handlers regarding the obligation to check euro banknotes for authenticity and fitness before recirculation, since improper handling of cash payments by cash handlers would have major consequences for public trust in euro banknotes and coins.
The European Parliament and the Council have laid down in Article 6 of Regulation (EC) 1338/2001, as amended by Regulation (EC) 44/2009 that euro banknotes must be checked for authenticity and fitness in accordance with procedures defined by the ECB. The ECB has laid down these procedures in Decision ECB/2010/14. The general principle is that all parties involved in processing and distributing euro banknotes to the public or recirculating them via ATMs or other cash machines are to comply with the rules and regulations of their own accord.
Article 6 of Regulation (EC) 1338/2001, as amended by Regulation (EC) 44/2009 does not specify the procedures for checking euro coins for authenticity and fitness. However, in Regulation (EU) 1210/2010 the European Parliament and the Council have laid down the procedures for euro coin authentication and the handling of euro coins that are unfit for recycling. The general principle is that all parties involved in processing and distributing euro coins to the public are to comply with the rules and regulations of their own accord.
If cash handlers fail to comply with the standards, we are authorised to impose formal measures such as an administrative fine or an order subject to penalty.
On 24 January 2024, the European Commission published its plans for the revision of the European macroprudential framework for banks. An important theme within this evaluation is the usability of capital buffers during a crisis.
Read more Ministry of Finance and DNB make recommendations for a more consistent use of the Countercyclical Capital Buffer in Europe
Starting January 9, 2025, DNB will request information on potential conflicts of interest through the fit and proper assessments application form.
Read more Fit and Proper Assessments: additional questions on potential conflicts of interest
On 31 May 2023, DNB announced an increase of the countercyclical capital buffer (CCyB) to 2%. Banks with loans outstanding in the Netherlands must comply with this requirement since 31 May 2024. DNB is required to determine the height of the CCyB on a quarterly basis.
Read more DNB maintains Countercyclical Capital Buffer at 2% – December 2024
DNB has reviewed the identification and buffer requirements for systemically important banks and maintains the current requirements.
Read more DNB maintains buffers for systemically important banks
