Financial Regulatory Forum

SNAP ANALYSIS-ECB’s Wellink vulnerable after report on DSB bank failure

By Ben Berkowitz

AMSTERDAM, June 29 (Reuters) – A scathing report on the failure of Dutch bank DSB is likely to revive calls for European Central Bank governing council member Nout Wellink to step down early from some or all of his roles.

Wellink, who is also the president of the Dutch central bank (DNB) and chairman of the Basel Committee of global central bankers, is not criticised directly in the report.

But the report concludes that the central bank, which he leads, should not have licensed DSB, failed to supervise it properly and needs reform.


Dutch central bank seizes DSB; govt plans probe

dsb-bank   By Gilbert Kreijger and Ben Berkowitz
   AMSTERDAM, Oct 12 (Reuters) – The Dutch central bank seized control of the troubled DSB Bank on Monday after efforts to preserve it with a consortium of five larger banks failed.