Supervisor investigates operational and IT risks at medium-sized pension funds
The Dutch Central Bank (DNB) recently announced that it will investigate the management of operational and IT risks (OPIT scan) at a number of medium-sized pension funds and their pension administration organisations. After the investigation (during which DNB will apply the proportionality principle), DNB may inform affected pension funds on required follow-up actions. DNB will also publish generic results, which could help pension funds to better manage these risks, and further integrate this risk management into their strategic, tactical and operational processes. We welcome DNB’s practical guidance and best practices for the pension sector.
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