FOCUS! has been saved
A new trend in the international supervisory approach
The Dutch Central Bank introduced a new supervisory approach, FOCUS! This approach is the result of the DCB reform process, which was based on an evaluation of the DCB and external organisations such as the International Monetary Fund and aimed to integrate a more effective and powerful supervision.
This new approach includes a transition from a national-oriented supervisory approach to an international one, in line with the EU model.
- A majority of the pension funds and asset managers have not yet taken sufficient notice of the new developments regarding FOCUS!
- Pension service providers will be held accountable for the way they ensure that risk culture and integrity in their organisation is aligned with the risk profile desired by the client
- With the introduction of FOCUS!, the regulator is ready for the future. It is now up to the market to make this the standard for market practice.
Performance issue 11 – May 2013
Performance is a triannual digest, dedicated to investment management professionals, which brings you the latest articles, news and market developments from Deloitte’s professionals and clients.