March 2016

On 31 March 2016, the Dutch Central Bank (De Nederlandsche Bank, DNB) announced that it will launch an thematic investigation into transaction monitoring.

Transaction monitoring allows financial institutions to identify and report unusual transactions and transactions with a heightened risk of money laundering or terrorist financing. DNB indicates that in its investigation

On March 30, 2016, MetLife won its battle (for the moment at least) against the Financial Stability Oversight Council (FSOC) when Judge Rosemary M. Collyer, US District Court Judge for the District of Columbia, issued an order overturning MetLife’s designation as a Systemically Important Financial Institution (SIFI). While the judge’s order currently is under seal,

The Bank of England’s Financial Policy Committee (FPC) assesses the outlook for UK financial stability by identifying the risks faced by the financial system and weighing these against the resilience of the system.

The FPC has now published a statement following its policy meeting on 23 March 2016. In particular, the FPC notes that the

On 30 March 2016, the Dutch Central Bank (De Nederlandsche Bank, DNB) published the results of its thematic project entitled “Compliance Sanctions Act”. DNB investigated the compliance of insurers with the Sanctions Act (Sanctiewet 1977).

According to DNB, compliance with the Sanctions Act by insurers has improved. However, DNB is nevertheless

On 29 March 2016, Femke de Vries held her inaugural lecture on transparency of regulatory authorities in the financial sector. Ms. De Vries is a member of the executive board of the Netherlands Authority for the Financial Markets (Autoriteit Financiële Markten) and an endowed professor of the Faculty of Law at the University

On 30 March 2016, the amended Exemption Regulation AFS (Vrijstellingregeling Wft, the Exemption Regulation) was published. The Exemption Regulation will enter into effect on 1 April 2016.

Pursuant to the Act on the Financial Supervision (Wet op het financieel toezicht, AFS) it is prohibited for any party to attract, obtain