The Netherlands has a large and globally interconnected financial system, with assets nearly eight times gross domestic product (GDP). The country is home to a globally systemically important bank (G-SIB) and a globally systemic important insurer (G-SII). The banking system comprises half of the financial sector and is concentrated in four domestic banks. During the financial crisis, the government bailed out a number of weak banks and it remains part owner of two. The pension system is ranked first globally by share of GDP and the insurance sector has consolidated assets amounting to about 140 percent of GDP. The Netherlands is home to a central counterparty (CCP) which is systemic for European markets
Notes
Description based on online resource; title from PDF title page (IMF eLibrary, viewed October 3, 2018)
