X

DNB meaning in Banking ?

( 5 )  .  1 Rating
667 views   .  0 comments  .   . 

Download Solution PDF

Answer: What is De Nederlandsche Bank mean?

De Nederlandsche Bank NV (DNB) is the central bank of the Netherlands. Founded by King William I in 1814, it is part of the European System of Central Banks (ESCB). De Nederlandsche Bank is a public limited company (Dutch: naamloze vennootschap, abbreviated NV) whose every day policy is overseen by the Governing Board. Being a public limited company, DNB has a Supervisory Board (Dutch: Raad van Commissarissen).

In addition, there is an advisory body called the Bank Council (Dutch: Bankraad). As a public entity the DNB has a function as both part of the European System of Central Banks (ESCB) and an independent public body (Dutch: zelfstandig bestuursorgaan). As a part of the ESCB, DNB is co-responsible for the determination and implementation of the monetary policy for the eurozone, besides being a link in the international payment system. As an independent public body, DNB exercises prudential supervision of financial institutions.

reference

Take Quiz To Earn Credits!

Turn Your Knowledge into Earnings.




Give Rating
Report
Write Your Comments or Explanations to Help Others
Comments(0)





Miscellaneous in Banking
General in Banking
BANKING AWARENESS in Banking
Miscellaneous in Banking

Ever curious about what that abbreviation stands for? fullforms has got them all listed out for you to explore. Simply,Choose a subject/topic and get started on a self-paced learning journey in a world of fullforms.

Explore Other Libraries

X




Copyright (c) 2021 TuteeHUB

OPEN APP
Channel Join Group Join