‘Fixed is fixed’ – DNB stands firm on matching adjustment

Dutch regulator unmoved on mortgages and group pensions

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De Nederlandsche Bank: sticking to the rules

The Dutch regulator, De Nederlandsche Bank (DNB), is sticking resolutely to a position on the Solvency II matching adjustment that is seen by many in the industry as an inflexible interpretation of the rules.

In an interview with Risk.net, a spokesperson for the regulator indicated it will maintain a tough line on two key areas: the eligibility of mortgage assets and the treatment of group pensions under the rules. 

“Assets have to meet the criteria set out in Solvency II, one of which is that t