Kingdom of the Netherlands-Netherlands: Financial Sector Assessment Program:: Technical Note-Insurance and Pension Sectors

April 13, 2017

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Format: Chicago

Kingdom of the Netherlands-Netherlands: Financial Sector Assessment Program:: Technical Note-Insurance and Pension Sectors, (USA: International Monetary Fund, 2017) accessed November 21, 2024

Summary

This Technical Note discusses the findings and recommendations in the Financial Sector Assessment Program for the Netherlands on the insurance and pension sectors. The governance, accountability, and internal processes of the supervisors, operating under a well-functioning twin-peaks model, are robust. With two-tier boards that include independent members, and an internal audit department, the governance structure of both supervisors is vigorous. Detailed documentation supports the internal processes. Discussions are underway to determine a new structure for the pension system, which may include shifting risks to the participants.

Subject: Expenditure, Financial institutions, Financial sector policy and analysis, Insurance, Insurance companies, Labor, Pension spending, Pensions, Solvency

Keywords: Coverage ratio, CR, Financial product, Fixed income, Global, Holding company, Insurance, Insurance companies, Interest rate, ISCR, Occupational pension, Pension spending, Pensions, Risk assessment, Solvency, Solvency II

Publication Details

Pages:

91
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2017/094
Stock No:

1NLDEA2017008
ISBN:

9781475593983
ISSN:

1934-7685

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