Netherlands

Wellink on global banking supervision

In the speech 'Global banking supervision in a changing financial environment' given on 4 October Nout Wellink of the Netherlands Bank and Chairman of the Basel Committee on Banking Supervision said as an important guiding principle for future…

Dutch central bank wants better payment system

The Dutch central bank has called for a more efficient payment system and is considering a set of measures to encourage people to pay more by electronic means, MarketWatch reported.

Comment: Dutch banks lose on payments

A recent report by McKinsey, a consulting firm, finds that Dutch banks are losing money on processing payments. Moreover, the report suggests that margins will be under even greater pressure as banks have to implement a plethora of new regulations.

Nout Wellink to chair Basel Committee

The Group of Ten (G10) central bank governors and heads of banking supervision said Friday 19 May that they have appointed Nout Wellink, President of the Netherlands Bank, as the new Chairman of the Basel Committee on Banking Supervision.

ECB's Issing on the euro

In the speech 'The euro - a currency without a state' given on 24 March Otmar Issing of the ECB said the application of the revised EU stability pact rules to Germany will be the key test of whether the new pact is being applied rigorously.

Wellink on regulators and the pension industry

In the speech 'How regulators contribute to a sustainable pension industry' given on 15 February Nout Wellink of the Netherlands Bank said the Dutch central bank has set up a working group looking at ways of making the country an attractive domicile for…

ECB's Wellink sees 2% eurozone growth

Dutch central bank governor Nout Wellink told an audience in Toronto Monday that he was "mildly optimistic" for Europe's future and saw growth in the euro area in the next two years of about 2 per cent.

Report says CB gold sales won't meet quota

HSBC analyst Alan Williamson told Dow Jones on Friday 27 January that European central banks are highly unlikely to sell the total 2,500 tons of gold allowed under the current agreement.

The costs of increasing transparency

This Working Paper from De Nederlandsche Bank, published January 2006, sets up as an explicit interactive game between the Central Bank, the objectives of which is modelled explicitly, and the private sector. The authors show that in the absence of costs…

Wellink on China's rise, impact on Western economy

In the speech 'China's rise and its impact on Western economies' given on 3 October Nout Wellink of the Netherlands Bank said the world economy is increasingly integrated. Therefore, China's rise transmits shock waves to Western economies as that country…

Wellink warns against protectionism over China

Dutch central bank President and ECB Governing Council member Nout Wellink said Monday 3 September that European countries shouldn't resort to protectionism as a response to increased competition from China.

Atlanta Fed on the origins of central banking

This Working Paper from the Atlanta Fed outlines a model of the first true central bank, the Bank of Amsterdam, founded in 1609. It describes how it was able to control inflation in seventeenth- and eighteenth-century Netherlands.

DNB's Wellink on Duisenberg's legacy

In a speech at Wim Duisenberg's memorial service given on 6 August Nout Wellink of the DNB said his open manner of communicating was enhanced by another quality: his ability to delegate and bestow trust, even on very young employees.

Wim Duisenberg

This obituary for former European Central Bank president Wim Duisenberg, who died on Sunday 31 July, contrasts his rough ride at the ECB with the high reputation he had enjoyed among fellow central bankers during his tenure as governor of the…

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