Sunday 23 January 2022

New Basel rules may hit Dutch banks on mortgages: FD

Dutch banks are going to find it more difficult to finance the Dutch ‘mortgage mountain’ because of new supervisory rules, the Financieele Dagblad reports on Thursday.


Proposals from the Basel Committee on Banking Supervision will make it a requirement that foreign banks wanting to buy bundles of Dutch mortgages have much higher capital buffers, the paper says.
The bundling and selling of mortgages (known as securitisation) is an important source of finance for Dutch banks which have high mortgage loans but are relatively low on public savings.
The paper says a strong lobby is working to have this proposal made more flexible.

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