Supervision - Credit Institutions

Prudential supervision of credit institutions aims primarily at maintaining the stability and integrity of the financial system and safeguarding the interests of the deposit holders. In this respect, the State Ordinance on the Supervision of the Credit System (SOSCS in Dutch),which was enacted on May 15, 1998, provides the CBA with a solid legal basis for supervising credit institutions. 

Credit institutions need a license from the CBA before they can start their activities. Reference is made to the CBA's admission policy for credit institutions. Licensed institutions have to comply continuously with the CBA's directives and policy papers for credit institutions (see also AML/CFT Handbook).