Regulatory Alerts2017-04-25
Added · Updated
Initial assessment– fitness assessment: unfit for the position
De Nederlandsche Bank (DNB) provides anonymized practical examples illustrating grounds for deeming candidates unfit for key positions in financial institutions. The document details specific failures, including insufficient knowledge of investment processes, trust regulations, and sound operational management, as well as a lack of required executive experience for payment institutions and trust offices. These examples serve as pointers for candidates and institutions regarding the substantive criteria DNB applies during fitness and properness assessments.
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