On Jul. 24, NLD DNB reported changes in supervision of institutions.
NLD DNB reported a number of changes to the executive supervision of banks, investment firms, and payment institutions, as part of a broader reorganization.
New Organizational Structure
One of the changes is to reduce the number of divisions involved in banking supervision from three to two, due to an individual retiring and department divisions.
Lex van't Spijker, current division director, Supervision of National Institutions, will be retiring on Sep. 1, and some departments of that division will be divided accordingly.
Departments will be divided between the two new divisions to be formed.
These are the departments responsible for the supervision of the accounts of small and medium-sized banks (SMEs), and of investment firms and payment institutions.
New Division for the Supervision of Large Banks, Investment Firms and Payment Institutions will carry out the account supervision of these institutions going forward.
Includes a number of horizontal tasks for both banking divisions, and Aerdt Houben, Director of the European Banking Supervision Division, will lead this division.
National Banking & Expertise Supervision Division will carry out the audit supervision of SMEs, on-site supervision, as well as the expertise work for both divisions.
This division will be led by Nienke Griffioen-Jintes, division director, On-site Supervision and Banking Expertise, and Steven Maijoor will continue in his role.
Mr Maijoor will be responsible for the divisions focused on banking supervision.
Effectiveness
The new supervisory organization comes into force on Jan. 1, 2025.
