The Dutch Central Bank has announced that as of 31 March 2018, investment firms dealing on their own account are must meet the requirements of the EU Capital Requirements Regulation (CRR). Flow Traders is currently assessing the impact of these CRR capital requirements.
"Flow Traders' risk awareness has always supported a conservative financing of its trading positions by a strong and unlevered balance sheet. As such, we are confident in the outcome of the assessment and support a level playing field for all market participants. We will inform the market about this outcome as soon as we have clarity about the impact of our new regulatory capital requirements.” says co-CEO Dennis Dijkstra (pictured).
“The policy change from DNB may also mean that Flow Traders' remuneration policy is subject to changes as of 2020. Flow Traders' remuneration policy is sound and has always aligned our employees with all other stakeholders to promote risk awareness, ambition and performance excellence. We are happy to engage in the proposed discussion by our regulator about an appropriate future remuneration policy for us. Flow Traders emphasizes here that a remuneration policy should always be proportionate to the sector's low risk profile and absence of wrong incentives, while safeguarding competitiveness with our European peers and in the global financial and technology industries.”
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