On 31 August 2016, the Dutch Central Bank (De Nederlandsche Bank, DNB) announced that it has launched an investigation into the integrity risk appetite of banks, insurers, pension funds, trust offices and payment institutions.

As part of its investigation, DNB will review the risks that are taken into account by the aforementioned financial institutions in their systematic integrity risk analysis, as well as whether the identified risks have resulted in adequate policies and procedures to mitigate such risks. DNB will in particular assess whether:

  • scenarios have been used in determining key risks;
  • reasons behind the weighting of identified risks; and
  • the involvement and role of staff / departments in establishing the financial institution’s risk appetite.

View DNB’s news item on its investigation (Dutch only), 31 August 2016.