The Minister of Finance has published an action plan for the financial sector, which includes the following ten points:

  • Presenting a draft Intervention Act; this bill is currently in a consultation phase (see above).  
  • Introducing a bank levy for the deposit guarantee fund. The government has decided to reform the financing of the deposit guarantee system into an ex ante financed system, even if discussions at European level do not lead to harmonisation of financing or harmonisation takes place at a much later date.
  • Introducing a bank tax. The Minister advocates introduction as soon as a number of preconditions have been met. He is awaiting a proposal of the European Commission and will inform the Second Chamber during the second half of this year.  
  • Embedding the banker's oath. The Minister is looking into the option of linking the moral-ethical statement to DNB's suitability and integrity test for directors of banks.  
  • Limiting the liability of DNB and the AFM (see below)  
  • Revising the costs system. The Minister wants to limit the government contribution: the sector's share in the financing of supervision costs will therefore increase.  
  • Improving the suitability/integrity test by a (wider) expertise requirement. If one of the two supervisors doubts the integrity or suitability of a managing or a supervisory director, the negative view will in future be decisive, even if that view is held by the non-lead supervisor.  
  • Tightening the "know your customer" procedures. In response to recommendations of the FATF (see below) the Minister will ask banks and other financial institutions to tighten their existing "know your customer" procedures, for example by periodically updating customer information.  
  • Improving professional expertise requirements in the financial services sector. The Minister will review and, where necessary, adjust professional expertise requirements. He also advocates a uniform personal data register for all those working in the financial sector and coming into substantive contact with customers. He expects to inform the Second Chamber in more detail in May of this year.  
  • Ban on commissions for investment firms. Investment firms should only receive payment for their services directly from the customers. The Minister supports a ban at European level and, if this is not achievable, at national level.