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This Technical Note discusses the findings and recommendations in the Financial Sector Assessment Program for the Netherlands on banking supervision. The financial resilience of banks in the Netherlands has been strengthened in recent years, and banks are benefiting from continuing economic recovery. Broad-based economic recovery is helping stimulate demand for credit, although credit growth remains slow and unemployment continues to fall. Housing markets have started to recover since 2013 with prices and transaction volumes picking up. There has been an improvement in the financial position of Dutch banks. Cost efficiency has improved, and profitability has recovered. The banks migration to the new Basel III standards is also well underway for capital adequacy and liquidity.

Banks and banking --- Monetary policy --- Banks and Banking --- Industries: Financial Services --- Banks --- Depository Institutions --- Micro Finance Institutions --- Mortgages --- Financing Policy --- Financial Risk and Risk Management --- Capital and Ownership Structure --- Value of Firms --- Goodwill --- Financial Institutions and Services: Government Policy and Regulation --- Banking --- Finance --- Financial services law & regulation --- Operational risk --- Loans --- Liquidity requirements --- Financial institutions --- Financial regulation and supervision --- Financial services --- Financial risk management --- State supervision --- Financial services industry --- Netherlands, The

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This Technical Note discusses the findings and recommendations in the Financial Sector Assessment Program for the Netherlands on financial stability and stress testing of the banking, household, and corporate sectors. The Dutch banking system appears resilient to risks. The stress test results indicate that a scenario of extreme adverse macroeconomic conditions would have a significant negative impact on Basel III fully loaded capital ratios, but all banks would maintain capital ratios above minimum regulatory requirements. However, the results for the leverage ratio show that a significant bank could fall just below the fully loaded minimum 3 percent hurdle.

Monetary policy --- Banks and Banking --- Finance: General --- Macroeconomics --- Industries: Financial Services --- Real Estate --- Banks --- Depository Institutions --- Micro Finance Institutions --- Mortgages --- Financial Institutions and Services: Government Policy and Regulation --- Aggregate Factor Income Distribution --- Housing Supply and Markets --- Finance --- Banking --- Property & real estate --- Stress testing --- Income --- Loans --- Financial institutions --- Financial sector policy and analysis --- National accounts --- Housing prices --- Prices --- Banks and banking --- Financial risk management --- Housing --- Netherlands, The

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This Technical Note discusses the findings and recommendations in the Financial Sector Assessment Program for the Netherlands on regulation, supervision, and oversight of financial market infrastructures (FMIs), whose supervision has been significantly strengthened in recent years. Good progress has been made to ensure that FMIs across the European Union, including in the Netherlands, are subject to a common regulatory framework. It is suggested that the Dutch central bank review the allocation of resources across various FMIs. The European Central Counterparty N.V. should also prioritize recruitment of a third Management Board member to ensure an effective board.

Monetary policy --- Finance: General --- Public Finance --- Public Administration --- Public Sector Accounting and Audits --- Financial Institutions and Services: Government Policy and Regulation --- General Financial Markets: Government Policy and Regulation --- Monetary Systems --- Standards --- Regimes --- Government and the Monetary System --- Payment Systems --- Banks --- Depository Institutions --- Micro Finance Institutions --- Mortgages --- Finance --- Public finance & taxation --- Financial services law & regulation --- PFM information systems --- Stress testing --- Principles for Financial Market Infrastructures --- Payment systems --- Central securities depositories --- Public financial management (PFM) --- Financial sector policy and analysis --- Financial regulation and supervision --- Financial markets --- Finance, Public --- Financial risk management --- Banks and banking --- State supervision --- Clearinghouses --- Banking --- Financial services industry --- Netherlands, The

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This paper presents an assessment of financial system stability in the Netherlands. The country is home to a global systemically important bank and a global systemically important insurer. The banking system comprises half of the financial sector and is concentrated in four domestic banks. Major reforms, driven by the European Union and global developments, have significantly strengthened financial sector oversight. The authorities’ response to the global financial crisis was far-reaching and addressed many deficiencies. The Single Supervisory Mechanism has enhanced bank supervision, as have strengthened capital and liquidity regulations. Insurance supervision is also stricter thanks to Solvency II, and there is a new framework for the pension sector.

Fiscal policy. --- Fiscal policy --- Tax policy --- Taxation --- Economic policy --- Finance, Public --- Government policy --- Labor --- Macroeconomics --- Real Estate --- Industries: Financial Services --- Infrastructure --- Personal Income and Other Nonbusiness Taxes and Subsidies --- Housing Supply and Markets --- Demand and Supply of Labor: General --- Labor Economics: General --- Banks --- Depository Institutions --- Micro Finance Institutions --- Mortgages --- Economic Development: Urban, Rural, Regional, and Transportation Analysis --- Housing --- Labour --- income economics --- Welfare & benefit systems --- Property & real estate --- Finance --- Econometrics & economic statistics --- Labor taxes --- Housing prices --- Labor markets --- Taxes --- Prices --- National accounts --- Income tax --- Labor market --- Labor economics --- Saving and investment --- Netherlands, The --- Financial institutions --- State supervision --- Banks and Banking --- Finance: General --- Public Finance --- Financial Institutions and Services: Government Policy and Regulation --- Pension Funds --- Non-bank Financial Institutions --- Financial Instruments --- Institutional Investors --- Social Security and Public Pensions --- Banking --- Pensions --- Stress testing --- Insurance companies --- Pension spending --- Financial sector policy and analysis --- Expenditure --- Commercial banks --- Banks and banking --- Financial risk management