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DNB adopts an Assessment Framework for supervising compliance

On 28 May 2020, the De Nederlandsche Bank (DNB) announced it adopted an Assessment Framework for supervising compliance with requirements for the Policy Guideline for Individual Customer Assessment for supervising compliance with the requirements of the policy rule.

18 Jun 2020

The assessment framework includes:

  • a number of indicators that clarify the extent to which banks meet the requirements
  • the role of testing the IQC system by the internal audit department and the external auditor
  • a growth path for the period 2020 - 2023 that indicates when expected improvements must be made by the banks
  • which resources DNB can use if targets are not met, or are not met on time. All banks are informed about the policy rule and what is expected of them. As a result of the assessment framework, banks receive an annual statement on an individual basis of the extent to which the requirements of the policy rule have been met. The improvements that DNB expects to be realized by banks are also indicated, according to the growth path included in the assessment framework.

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DNB adopts Assessment Framework for supervising compliance with requirements for the Policy Guideline for Individual Customer Assessment


This article was originally published in the May edition of REGWATCH. Read the full edition covering the following jurisdictions:

  • European Union
  • Belgium
  • France
  • Germany
  • Hong Kong
  • Ireland
  • Italy
  • Luxembourg
  • Switzerland
  • United Kingdom

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