BNY Mellon Asset Servicing has extended its reporting capabilities to assist pension fund clients in addressing recently tightened risk management regulations in the Netherlands. BNY Mellon’s platform assists Dutch pension funds with their regulatory filings to De Nederlandsche Bank, the Dutch central bank, in compliance with the DNB’s Financieel Toetsingskader (FTK) regime. The FTK financial assessment framework requires institutions to enhance and monitor their risk controls while also introducing a solvency test.
Under the FTK framework, Dutch pension funds must conduct a series of ‘stress tests’ on their investment programmes to assess the potential impact of market shocks. The tests are carried out across the full asset class spectrum to create a holistic view of the programmes’ risk sensitivities, paying particular attention to the behaviour of any derivatives investments.
In addition to the stress tests, the FTK requires pension funds to have a clear understanding of their full exposure and true investment performance.
Leonique van Houwelingen, head of the Netherlands at BNY Mellon Asset Servicing, said: “As regulators across Europe continue to evolve their risk management legislation, we will continue to invest in extending our capabilities to ensure our clients have access to the most sophisticated reporting tools they need.”
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