"To reestablish and sustain trust in the financial sector as a whole for the coming decades, I believe there is a strong case to not only intensify prudential supervision but to also foster conduct-of-business supervision. Both on a national and a European level."
This was said by Merel van Vroonhoven, chairman of the board of the Netherlands Authority for the Financial Markets (AFM), at a convention marking the two hundredth anniversary of De Nederlandsche Bank (DNB).
In order to make an effective contribution to regaining trust, the European banking union must perform strict supervision of the conduct of business (behaviour in the market) of the banks, according to Van Vroonhoven. She also argued in favour of cooperation between European supervisors within an authoritative European framework.
The AFM is committed to promoting fair and transparent financial markets.
As an independent market conduct authority, we contribute to a sustainable financial system and prosperity in the Netherlands.