DNB casts critical eye on Dutch pension funds

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The Dutch Central Bank (DNB) has launched a new corruption investigation against Dutch pension funds, the bank, which also fulfills a role as regulator, revealed today.

According to DNB, the investigation is centered on deepening insights into processes and activities of Dutch pension funds which could be exposed to corruption and to prevent subsequent risks. It highlights specifically a distance from the remainder of the organisation (remote office risk), concentration of power and the relationship with third parties as factors of concern.

The regulator confirmed that it has already contacted a set number of pension funds which are deemed to have a high risk profile but did not mention specific names.

DNB has focused on on corruption among pension funds for the past years and has published a guideline of good practices last year. According to the regulator, corruption such as conflicts of interest and bribery remain a key priority because they affect not just the organisation in question, but constitute a risk to financial stability of the sector as such.

ABOUT THE AUTHOR
Mona Dohle
Mona Dohle speaks German and Dutch, she is DACH & Benelux Correspondent for InvestmentEurope. Prior to that, she worked as a journalist in Egypt and Palestine. She started her career as a journalist working for a local German newspaper. Mona graduated with an MSc in Development Studies from SOAS and has completed the CISI Certificate in International Wealth and Investment Management.

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