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Climate change and fit and proper-testing in the Dutch financial sector
Law and Financial Markets Review Pub Date : 2019-01-02 , DOI: 10.1080/17521440.2019.1565127
Iris Palm-Steyerberg 1
Affiliation  

Dutch financial supervisors intend to embed climate-related risks more firmly in their supervision of Dutch financial institutions. As part of this process the Dutch supervisors are identifying which regulatory provisions could, and perhaps, should, form a basis for supervision on climate-related risks. The prudential authority, the Dutch Central Bank, or DNB, has selected “fostering a forward-looking and sustainable sector” as one of the three focus areas in its new Supervisory Strategy for 2018–2022. DNB will devote more attention to sustainability, including the impact of climate risks and policy on the financial sector. As part of this process, DNB will examine how sustainability risks can be included on a more systematic basis in its supervisory practices. This article poses the question whether fit and proper assessments of members of the management body can be regarded as one of the supervisory practices that financial supervisors may use to address climate-related risks.

中文翻译:

气候变化以及荷兰金融部门的适应性和适当测试

荷兰金融监管机构打算将气候相关风险更牢固地嵌入对荷兰金融机构的监管中。作为此过程的一部分,荷兰监管机构正在确定哪些监管规定可以,或许应该,构成对气候相关风险进行监管的基础。审慎机构荷兰中央银行 (DNB) 已选择“培育具有前瞻性和可持续发展的部门”作为其 2018-2022 年新监管战略的三个重点领域之一。DNB 将更加关注可持续性,包括气候风险和政策对金融部门的影响。作为此过程的一部分,DNB 将研究如何在其监管实践中更系统地纳入可持续性风险。
更新日期:2019-01-02
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