meta_id 2997912

On March 11, 2026, the Netherlands adopted legislation amending the Financial Supervision Act (Wet op het financieel toezicht), the Insolvency Act (Faillissementswet), and the Banking Act 1998 (Bankwet 1998) to enhance the crisis management framework for banks and investment firms. The Act on Further Implementation of the Bank Recovery and Resolution Directive (Wet nadere uitvoering BRRD-implementatie) supplements the Netherlands' implementation of the Bank Recovery and Resolution Directive (Directive 2014/59/EU) and the amending directive (Directive (EU) 2019/879). These European directives establish a comprehensive framework for the recovery and resolution of banks and investment firms across the European Union. The amendments strengthen the Dutch regulatory framework by refining crisis management procedures and resolution tools available to authorities. The legislation applies to banks and investment firms operating in the Netherlands, ensuring alignment with European Union standards for financial stability and crisis preparedness. The changes enable Dutch authorities to more effectively manage systemic risks and protect the financial system during periods of institutional stress. The amendments represent a continuation of the Netherlands' regulatory harmonisation with European Union requirements and enhance the operational capacity of Dutch financial authorities to respond to banking crises. The framework provides enhanced tools for the Dutch National Bank (De Nederlandsche Bank) and the Authority for Financial Markets (Autoriteit Financiële Markten) to manage resolution scenarios and protect depositors and creditors. REFERENCES: Wet van 11 maart 2026 tot wijziging van de Wet op het financieel toezicht, de Faillissementswet en de Bankwet 1998 in verband met aanpassingen van het crisisraamwerk voor banken en beleggingsondernemingen ter aanvulling op de implementatie van Richtlijn 2014/59/EU en Richtlijn (EU) 2019/879 betreffende het kader voor herstel en afwikkeling van banken en beleggingsondernemingen (Wet nadere uitvoering BRRD-implementatie)