The Dutch Authority for the Financial Markets published an update on an independent evaluation of its performance as an autonomous administrative authority over 2021-2025. The review found the AFM to be a professional, efficient and effective supervisor that carries out its statutory tasks well and delivers demonstrable results across its areas of supervision. It also concluded that the AFM's independent status functions well and can be continued. The report points to intensive management of efficiency and cost control, supported by clear cost awareness across the organization. It says risk-based supervision is firmly embedded and has been further professionalized, placing the AFM relatively ahead of other European supervisors. Supervisory costs rose during the review period because of new and more intensive tasks, including crypto, cyber resilience and sustainability, but the increase was lower than at comparable supervisors. The analysis also found that reducing spending on staff, information technology or housing would almost always affect the AFM's ability to perform its tasks. Researchers recommended further strengthening risk-based supervision by improving risk identification, management steering, supervisory methods, risk information and cooperation with other supervisors. The AFM said it will act on those recommendations.
Dutch Authority for the Financial Markets2026-06-30
Dutch Authority for the Financial Markets highlights independent review finding effective supervision and scope to strengthen risk based oversight
An independent five-year evaluation found the Dutch Authority for the Financial Markets performs its statutory tasks effectively and efficiently and achieves measurable supervisory results. The review cited strong cost control and mature risk-based supervision, while noting higher costs from crypto, cyber resilience and sustainability mandates. It recommended further improvements in risk mapping, supervisory methods and cooperation with other supervisors.