The Dutch Banking Code
In September 2009, the Dutch Banking Association (NVB) published the Banking Code. The Banking Code lays out the principles by which Dutch banks should conduct themselves in terms of corporate governance, risk management, audit and remuneration.
Drawn up in response to a report entitled ‘Restoring Trust’, published in April 2009 by the Advisory Committee on the Future of Banks in the Netherlands, the Banking Code is a form of self-regulation that took effect on 1 January 2010 on a ‘comply or explain’ basis.
On 21 March 2014, ING published its report “Application of the Dutch Banking Code by ING Bank N.V.”