De Nederlandsche Bank


Address: Postbus 98, 1000 AB Amsterdam
Telephone: +31 (0)20 524 91 11
Fax: +31 (0)20 524 25 00
Email:
Website: http://www.dnb.nl
SWIFT: FLOR NL 2A


Description:

De Nederlandsche Bank (DNB) is a public limited company (naamloze vennootschap) whose day-to-day policy rests with the Governing Board. Being an NV, DNB has a Supervisory Board (Raad van Commissarissen). In addition, there is an advisory body called the Bank Council (Bankraad).

Duties

De Nederlandsche Bank (DNB) is responsible for safeguarding financial stability. More particularly, DNB contributes to defining and implementing the single monetary policy of the countries which have introduced the euro promotes the smooth operation of the payment system, and supervises financial institutions and the financial sector.

Everything in the service of financial stability

Financial stability, however, is not something that goes without saying, but the result of a careful policy geared to promote and sustain three objectives:

  • stable prices
  • a smoothly operating payment system
  • sound financial institutions

Monetary policy - Inflation, stable prices and interest rates

The core objective of monetary policy is price stability. If prices are prevented from going up (inflation) or down (deflation) too fast, this will protect the purchasing power of the euro. Price stability is said to exist if prices rise by just under 2 per cent per year in the medium term.

  • Inflation, stable prices and interest rates
  • Harmful effects of high inflation
  • The ECB Governing Council and price stability
  • Interest rate

Payments - Paying securely

A stable financial system strongly depends on secure and reliable payment systems. Everybody must be able to pay without any problem in coin and banknotes, but also using their prepaid card and credit card, or via the Internet. And the millions of transactions executed by banks each day must be processed securely and without disruptions.

Supervision - Financial institutions must be sound and reliable

If you buy an insurance policy, you assume that the insurer will be able to pay up if you should have to file a claim. Pensioners assume their pensions will be duly paid into their accounts each month. And workers who have their salaries paid into a bank account should be able to rest assured that their money is in safe hands. De Nederlandsche Bank (DNB) works for a reliable financial system in which institutions meet their obligations.

  • Stable financial network
  • International co-operation
  • Authorisation
  • Another supervisor: the AFM

Economic advice - DNB as adviser to the government

De Nederlandsche Bank (DNB) acts as an adviser to the Dutch government. Also, it performs important functions in several consultative bodies. In offering independent economic advice, DNB contributes to sound economic policy-making on both the national and the international level. DNB is able to do so on the strength of its expertise, its reputation and its independent position.

  • Adviser to the government
  • Consulting

Payments - Paying securely

A stable financial system strongly depends on secure and reliable payment systems. Everybody must be able to pay without any problem in coin and banknotes, but also using their prepaid card and credit card, or via the Internet. And the millions of transactions executed by banks each day must be processed securely and without disruptions.

  • Oversight of payment systems
  • Cash payments
  • Non-cash payments



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