Banks in the Netherlands are governed by The Financial Supervision Act of 2006 that reformed Dutch banking laws to take into account that big, multinational banks now dominate banking in the Netherlands. The law empowers two main agencies to watch over Netherlands banks, a central bank and a regulatory agency.
- The Netherlands Central Bank (De Nederlandsche Bank) is responsible for the financial stability of the banks in the Netherlands.
- The Authority for Financial Markets supervises the banking market, the operations of banks and protects bank customers and investors.
- The European Central bank sets overall monetary policy for the European Union, including the Netherlands.
Grasp the regulatory structure of a Netherlands bank to create foundational understanding
Banking in the Netherlands comes under the regulatory administration of the Netherlands Central Bank, which prints the money and centralizes the banking system. Working in tangent with the European Central Bank (since the creation of the European Union) and the Ministry of Finance, the Central Bank (also known as De Nederlandsche Bank, or DNB) operates under the mission to create financial stability in the country. Nationalized since 1948, The Central bank of the Netherlands oversees the running of other national and private banks as well as acting as liaison and compliance officer for the government. The Authority for Financial Markets, established by the law of 2006, regulates the conduct of banks and insurance companies.
Recognize the top banks of the Netherlands have assistance from the top financial lawyers
Swimming the banking waters of another country can be overwhelming. To avoid drowning in financial regulations, the smart business leader asks the professional for legal guidance. The Netherlands has a number of top financial firms and consultants that can assist any investor with banking law questions.
Understand that international bank in the Netherlands operate under additional laws and guidelines
Global banks in the Netherlands must adhere to both national and international banking laws and regulations. Familiarity with international regulatory systems that hold sway in the Netherlands is a must for the wise investor. Those business leaders considering establishing a foreign bank in Amsterdam, placing their savings in a global bank in Amsterdam or considering shares in a global Dutch bank or foreign bank in Amsterdam should carefully review options and compliance regulations.