Operational supervisory practice consists of several types of activities:
Once an investment firm has been allowed access to the market, the supervisory practice consists in concrete terms of collecting and assessing information.
DNB collects information in various different ways, by receiving reports and documentation, conducting discussions and carrying out examinations.
DNB also uses information from analyses of developments in the financial sector and from contacts with other supervisory authorities. DNB is also empowered to make very specific requests for information from the investment firm itself as well as from other parties involved. Based on the information, DNB carries out prudential analyses. The information and analysis together form the basis for assessing whether an investment firm is complying with the supervisory requirements.
The application of a risk-based supervision method means that the supervision requirements are geared to the risk profile of the investment firm. DNB uses the risk profile to set priorities in operational supervision.
In supervisory practice, DNB works closely together with other domestic and foreign supervisory authorities. In the context of the Wft, it cooperates in particular with the Netherlands Authority for the Financial Markets (Autoriteit Financiële Markten / AFM). This cooperation includes:
The cooperation between DNB and AFM is described partly in the Wft and partly in a separate covenant. In cases involving financial undertakings operating internationally, DNB also cooperates with the supervisory authorities in the other countries where the undertaking is active.