Under the Dutch Bank Act (Bankwet) we must perform a statistics function, i.e. collect statistical information and compile statistics. This task is based on the following regulations and legislation:
- ECB regulations
- Dutch Financial Supervision Act (Wet op het financieel toezicht – Wft)
- Dutch External Financial Relations Act (Wet financiële betrekkingen buitenland – Wfbb)
Under the Pensions Act, DNB in its capacity as the supervisory authority also has a duty to provide the Minister responsible for pensions with any data and information necessary for implementing policy pertaining to pensions and for assessing the adequacy of pension legislation. DNB manages a data bank for this purpose, and draws up a Pensions Act Information and Management Plan.
The legal framework is revised on an ongoing basis, which allows us to improve the quality of our statistics and create new ones to identify current trends and provide policymakers with relevant figures. For instance, we develop statistics at European level on the operations of investment funds, securitisation vehicles and money market funds. We are also taking steps to generate more in-depth insights, for instance in the Securities Holdings Statistics (SHS), the European database on investors’ equity and bond holdings. These statistics are based on detailed data collected by all euro area central banks.
In collecting data and developing statistics, we actively collaborate with various partners, nationally as well as internationally.
Statistics NetherlandsWe collaborate closely with Statistics Netherlands (CBS). In our collaboration, we seek to:
- make our national statistics processes more efficient
- increase the quality and consistency of our statistics
- reduce the reporting burden on institutions
We have divided responsibilities between us in terms of collecting data from institutions and assume each other's obligations. The tasks are allocated such that we focus on monetary trends and the development of the financial sector. Statistics Netherlands uses the data on financial institutions we have collected to prepare the National Accounts. Conversely, in compiling statistics and performing other tasks we use data collected by Statistics Netherlands, including on inflation, mortgage debt and house prices.
As a member of the European System of Central Banks (ESCB) and the Eurosystem, we collaborate with our European counterparts in the areas of monetary policy, payment systems and foreign exchange operations. This includes collecting data on financial and economic developments, using uniform definitions and categories. In this video, the ECB underlines the importance of reliable statistics for monetary policy. All collected data are centralised in the ECB's Statistical Data Warehouse. Euro area statistics presents a set of key financial and monetary data on the euro area countries. See here for additional information on euro area statistics
We are involved in IMF initiatives to improve the comparability of statistics on the financial sector, capital flows and financial interconnectedness. To this end, we publish a set of data tables. We also participate in IMF consultations on guidelines for compiling the balance of payments. The Netherlands meets the requirements of SDDS Plus, the upper tier of the IMF's data dissemination standards for countries with systemically important financial sectors.
We also deliver data to the OECD, particularly regarding inward direct investment and institutional investors. The data about institutional investors – pension funds, insurers and investment funds – are based on National Accounts figures on these sectors (see https://stats.oecd.org/ under National Accounts and Institutional Investors Statistics). The figures in the National Accounts are mutually aligned and processed, which is why the data deviate from our own statistics for these investors.