Regulatory Alerts2018-05-15
Added · Updated
Expected Level of Investment Knowledge for Board Members
De Nederlandsche Bank (DNB) establishes a normative framework defining the expected investment knowledge levels for candidate board members of pension funds, categorizing requirements into basic, advanced, and experience-based levels. The framework specifies detailed technical competencies regarding asset management, portfolio construction, risk identification, and macroeconomic variables that candidates must demonstrate. This standard aims to address frequent deficiencies in board-level investment knowledge identified in DNB's on-site investigations and assessment interviews, thereby strengthening the counterbalancing power of pension fund boards.
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