Financial Regulatory Forum

Dutch to support U.S. bank plan, seek EU support

January 26, 2010

    AMSTERDAM, Jan 26 (Reuters) – Dutch Finance Minister Wouter Bos has backed the plan from U.S. President Barack Obama to limit the scope and size of banks and reduce their risk taking and will push to win support of the plan among EU leaders. (more…)

Iceland says has new repayment deal with UK, Holland over deposit losses

October 19, 2009

Iceland's Prime Minister Johanna Sigurdardottir smiles before a vote on the controversial "Icesave bill" in Reykjavik August 28, 2009. (File Photo) REUTERS/Ingolfur Juliusson By Omar Valdimarsson
REYKJAVIK, Oct 18 (Reuters) – Iceland said on Sunday it had agreed to a new deal to repay Britain and the Netherlands billions of dollars of deposits lost when the island’s banks collapsed in 2008, paving the way for new aid from international lenders.
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Dutch central bank seizes DSB; govt plans probe

October 12, 2009

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.
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Dutch regulator says “Twin Peaks” supervision best

October 9, 2009

twin-peaks-2    By Huw Jones
   BASEL, Switzerland, Oct 9 (Reuters) – The financial crisis has shown that the “Twin Peaks” system of separating prudential and securities supervision being eyed by Germany and Britain works best, the Dutch markets regulator said on Friday. (more…)

SNS to repay 25 pct of Dutch state loan

September 24, 2009

The logos of Dutch banking and insurance group SNS Reaal are seen in Utrecht November 13, 2008. Dutch banking and insurance group SNS Reaal said on Thursday it will get a 1.25 billion euro ($1.6 billion) capital injection from the Dutch state and its controlling foundation after booking a third quarter loss due to fresh writedowns.  REUTERS/Michael Kooren. (NETHERLANDS)   AMSTERDAM, Sept 24 (Reuters) – Dutch bank and insurance group SNS Reaal <SR.AS> said on Thursday it would sell up to 26.15 million new shares to fund, in part, the repayment of a quarter of the state aid it received a year ago. (more…)

New Dutch banking code to take effect Jan. 1

September 9, 2009

nvb    AMSTERDAM, Sept 9 (Reuters) – The Netherlands Bankers’ Association has agreed a voluntary code of conduct that will limit the level of bonuses and strengthen corporate governance from Jan 1.  (more…)

Dutch government tells banks: don’t count on state

By Reuters Staff
July 10, 2009

    By Ben Berkowitz

    AMSTERDAM, July 10 (Reuters) – The Dutch government wants banks to jointly guarantee customer savings, it said in a report on Friday, as it warned the sector not to rely on state aid or the hope that such aid will be available in the future.  In a more prudent future, banks would offer a narrower range of services and be more tightly regulated, according to the report. (more…)