The Netherlands has a twin peaks model of supervision which is comparable to the UK supervisory model with split responsibilities between the Dutch Authority for the Financial Markets (Autoriteit Financiële Markten – AFM) and the Dutch Central Bank (De Nederlandsche Bank – DNB).
In general, the AFM and DNB follow a risk-based supervisory approach towards financial entities. Where applicable, the supervisors work together, and they are allowed to exchange information necessary for supervision. The rules of procedure are laid down in a covenant between AFM and DNB.
AFM and DNB
The AFM carries out conduct of business supervision. The AFM is committed to promoting fair and transparent financial markets. As an independent market conduct authority, the AFM contributes to a sustainable financial system and prosperity in the Netherlands.
DNB carries out the prudential supervision. More information on DNB you can find on www.dnb.nl