The Open Book on Supervision seeks to inform institutions (external) and examining officers (internal) in an accessible and coherent way of the practical application of supervisory legislation and regulations. The underlying motive is to promote spontaneous compliance with the standards (external) and unity of policy/execution plus efficient commitment/securing of knowledge (internal). In addition, the Open Book on Supervision contributes to DNB’s profile as a transparent supervisor (cf. DNB’s Vision of Supervision in 2006-2010, Chapter 6: Transparency) and helps fulfil the – increasing number of – statutory requirements regarding ‘supervisory disclosure’.
At the centre of this approach is the ambition to keep internal and external users abreast of the latest developments in supervision. DNB seeks to achieve this primarily by responding actively to the wishes and suggestions of users and, in doing so, by making Open Book on Supervision the most reliable and most consulted source of information for professionals in the (prudential) supervisory domain.
Open Book on Supervision essentially revolves around:
- information supply: actively supplying institutions under supervision and examining officers with all sorts of information that is relevant and useful for supervisory practice;
- transfer of standards: explaining to the institutions under supervision the background to, and the purpose and application of, the supervisory standards/requirements.