Friday, May 30, 2003

Paying for supervision

Here in the Netherlands, not all supervised entities pay for their supervision. Insurers do, but banks don't. The Ministry of Finance now has started a consultation round on a new structure/regime. Essentially, the supervised banks and insurers pay the direct costs of supervision while the Ministry of Finance pays for the compliance/repressive and preventive costs.

See also the webpage of the Ministry of Finance (in Dutch).