Initial assessment – assessing fitness

Factsheet

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When assessing fitness, De Nederlandsche Bank (DNB) determines whether a candidate has sufficient relevant knowledge and skills and displays the required professional behaviour to perform the job. We establish this based on education, work experience and competencies.

Published: 13 July 2017

Fitness assessments are performed as part of all proposed appointments of management or supervisory board members at supervised institutions, or if incumbent management or supervisory board members change position or remit within the same institution. Fitness assessments are specific to the position. This means that the assessment considers i) the specific position of the candidate ii) the nature, size, complexity and risk profile of the institution and iii) the composition and functioning of the board as a whole.

Assessment

Fitness is assessed based on the information provided by the institution and an assessment by DNB.

Initial assessment – Applies to institutions subject to the Financial Supervision Act - Wft

Assessing fitness – Pension funds

Assessing fitness – Trust offices

Fit and proper assessments

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