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Kingdom of the Netherlands-Netherlands: Publication of Financial Sector Assessment Program Documentation: Detailed Assessment of Observance on Basel Core Principles for Effective Banking Supervision (BCP)
Author:
International Monetary Fund
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2011: Issue 206
Language:
English
Publication Date:
25 Jul 2011
DOI:
https://doi.org/10.5089/9781462323395.002
ISBN:
9781462323395
ISSN:
1934-7685
Pages:
80
Keywords:
ISCR; CR; risk management; risk assessment; central bank; credit risk; internal audit; Policy rule; senior management; parent company; a number of DNB policy; DNB rule; DNB project; DNB staff; financial system; vita project; DNB policy; equity capital; risk assessment methodology; External audit; Bank supervision; Market risk; Basel Core Principles; Legal support in revenue administration; Global; Europe
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The major reforms undertaken in the Netherlands with the adoption of the Twin Peaks regulatory structure have ensured that the recommendations from the Basel Core Principles assessment have been acted upon. The legal and regulatory framework for banking supervision conforms to internationally accepted minimum standards. Executive Directors recommend that supervision has to be more “intrusive and conclusive,” and encourage greater use of formal enforcement powers. However, it is recommended that the allocation of supervisory resources according to the potential systemic impact of regulated firms be evaluated.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund